Institutions shout 800, price crashes to 150! $SPCX After being included in the Nasdaq, it keeps falling—the script of "buy the rumor, sell the news" plays out again.

Bros, SPCX's price action is quite ironic. Yesterday, institutions were collectively bullish—Morgan Stanley called for 300, Raymond James shouted 800—yet today it bottomed out at 148.75, currently at 150. Good news flooded in, but the price tanked—a clear case of "good news is the easiest trap to fall for."

From a technical perspective, the daily MA7 (150.82) just broke down, with MA25 (154.41) and MA99 (159.10) still overhead, forming an increasingly clear bearish alignment. From 167 down to 148, this pullback is nearly 20 points.

On the 1-hour chart, the MACD has formed a death cross and is diverging downward, while the RSI is nearing oversold territory. It has indeed dropped significantly in the short term, but there are no signs of a bottom. Today's low of 148.75 is just a hair away from the previous low of 148. If it fails to hold, the next support may be around 140-142.

On the news front, tensions in the Middle East have escalated, driving risk-off sentiment. Funds are flowing primarily into gold and BTC, leaving SPCX—a speculative asset still in its "storytelling" phase—neglected. Add to that yesterday's wave of institutional coverage and sky-high price targets, and it's standard practice for short-term funds to sell on good news.

MIG's long-short dual-direction strategy:
For longs, wait for prices to stabilize with low volume near 148 before considering entry. For shorts, test a light short in the 160-158 range.

Bros, institutions shouting 800 is just a pie in the sky—not an invitation for you to rush in and catch the falling knife today. The long-term thesis is sound, but short-term drops are inevitable. Wait until it's fully sold off and no one dares to buy—that's when MIG will truly make a move.

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