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SPCX tonight must see blood! Is 154 a golden pit or a mass grave?
Be greedy when others are fearful, but today I only trust smart money data.
Technical death cross breakdown, volume also shrunk. SpaceX's good news was already priced in, yesterday it surged to 167 then crashed down. Longs' cost is 171, 88% are trapped, short squeeze orders are all stacked at 154, 24-hour liquidations account for 89%, once hit it will be a chain explosion. But be careful of long-short double kill in the short term.
I plan to go long around 154-155, and reverse to short around 163-165. Yesterday's long target at 165 was hit, but the market is too weak, now I'm biased bearish, defense first.
Is 154 a pie or a meat grinder? Blood tonight, which side are you on?
$BTC $LAB $SPCX