6.26 SPCX Market Analysis | Qingye Trading Ideas

Market Review

The previous hype-driven rally exhausted buying power, causing prices to pull back after reaching highs, leading to a prolonged range-bound consolidation. Many traders who chased the rally are now trapped, with no clear directional trend emerging at present.

Key Market Analysis

Short-term support range of 147–149 is a critical defense level for the bullish side; the resistance zone above 173–175 has repeatedly thwarted rebound attempts due to insufficient upward momentum. Overall volatility is high, making it suitable only for short-term swing trading—avoid holding positions for extended periods to prevent widening losses.

Practical Reference

For traders without positions: When prices retrace to the 147–149 support range, consider accumulating positions in batches at lower levels, targeting the 170–173 range, and take profits promptly upon reaching the target zone.
For those holding trapped positions who struggle to pinpoint exact highs and lows, you can privately send your position screenshots for Qingye to provide a personalized one-on-one unwinding plan.