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$SPCX 4H Rejection — Trap forming at 159.77 🔥
Entry: 159.72 – 159.82 🔥
Target: 158.34 🚀
Stop Loss: 161.68 ⚠️
The 4-hour (4H) structure is range-bound with a short bias at 79% confidence. The RSI on the 15-minute timeframe is at 61 — not yet in overbought territory, but the rejection at 159.77 indicates that sellers are stepping in early. ATR is low at 0.61 on the 1H timeframe, confirming that this is a fade attempt, not a breakout.
The first target at 158.34 is only a 0.9% drop, making this a tight scalp setup. Is 158.34 realistic, or will the price manipulate and pull back before reaching TP1?
Not financial advice. Always manage your risk.
#SPCX #ShortSetup #Fade #Crypto