7.8 SPCX Early Morning Analysis|Luo Yi's Thoughts


Rebound, follow the trend to short high, avoid blindly bottom-fishing.

Market Review
Every slight rebound encounters large sell orders, short-term moving averages form strong resistance, with a large accumulation of trapped long positions above. This rebound is merely a bull trap.

Market Analysis
Hourly technical indicators are turning downward, with low willingness for additional buying volume in the early morning. Each rebound presents an excellent window to set up short positions, with ample room for subsequent pullbacks.

Operation Layout
Entry Range: 153-155 layout
Stop Loss Point: 158
First Target: 145-140
Second Target: 130
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