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SPCX surged to 171, but 180 is a "mass grave," and longs and shorts are about to fight for their lives!
From 150 all the way up to 171, you've caught the profits, right? But don't get too excited just yet. Ahead, near the 180 level, countless "martyrs" are buried—it's a heavy overhang area from the previous pre-crash period. At this level, selling pressure is coming down thick and fast, so you need to stay sharp.
The news can still hold up a bit
Trump donating stocks, the Nasdaq 100 to include it – the bullish catalysts are still brewing, and the market is still hot. But remember: a catalyst before its realization is a rocket, after realization it's fireworks. There's still opportunity before July 7th, but the room is getting smaller.
Technical Chart
Looking at the 4-hour chart, it has already hit the upper Bollinger Band, and the MACD red bars haven't kept up, indicating that the chasers are losing nerve. The 180 level is a dense concentration of chips, and further up, 220 is even more of a "sky-high tombstone" – not to be touched.
Smart Money Movement:
There's been a key change in smart money! Although the long profit ratio is as high as 80%, the long position size dropped sharply from 79.83 million yesterday to 41.11 million, nearly halving! This shows that the big players are quietly taking profits during the surge!
Jinyao Strategy ;
Long orders around 170-172; target 178-180; short orders can try light shorts around 180.
Remember, the support below is 168. Don't go heavy on this level; the most important thing is to preserve profits!
$S $SPCX #Gate完成141只股票股息派发