$SPCX ‌ (4H) Bias: Bearish 📉



Setup: Safe Short

Entry: 153.50–156.00 (wait for a bounce into resistance)
SL: 160.80
TP1: 149.00
TP2: 146.80
TP3: 142.00

Analysis: $SPCX lost the 160 area and is printing lower highs on the 4H chart after a brutal rejection from 181.86. The current range between 146.8–160.5 looks like a bearish consolidation rather than accumulation. Unless buyers reclaim 160.8, momentum favors another leg lower toward 149 and potentially the 142 support region. A relief bounce into resistance offers the safer short entry instead of chasing current price.
SPCX-0.92%
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