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$SPCX 160 long positions deeply trapped, the good news of being included in the Nasdaq 100 instead caused a sharp drop!
Brothers, this SPCX move is really a trap! With such big positive news as being included in the Nasdaq 100, it should normally open high and go high, but it directly sold off, bottoming at 148. Brothers who chased longs around 160 are trapped by 12 points. It has now rebounded to 151. Should we exit or stay?
Look at the K-line: 1-hour current price 151, tightly below the BOLL middle band at 151.5. The MACD fast line has formed a golden cross, downward momentum weakens. RSI at 49 returns to neutral, but the rebound is clearly on shrinking volume, bullish strength is insufficient. Upward resistance 154-155, downward support 148, strong support 147.5.
Unwinding strategy layered:
Light positions: Reduce 1/3 near current price. If it breaks through resistance with volume, hold; otherwise exit all near 155.
Heavy positions: Cut half near current price. When it rebounds to resistance, reduce another 30%, leaving a bottom position to gamble. Don't fantasize about a direct bounce back to 160; the overhead trapped positions are too heavy, and the main force won't easily rescue them.
Good news but price falls instead of rises, indicating a problem with the chip structure. Those who don't run will be the ones paying the bill.
Every rebound is an escape hatch. Don't wait until it drops back to 148 to regret.
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