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$SPCX | 1h | Range Breakdown Retest
Bias: Short
Entry Zone: 146.00 to 146.25
Stop Loss: 146.85
Targets:
TP1: 145.40
TP2: 144.95
TP3: 144.30
Invalidation:
Close above 146.85
Why This Setup:
I’m leaning short because price has lost momentum after the sharp selloff and is now compressing just under a clear intraday resistance shelf. I want a failed retest of the 146 area to fade back into the lower range and recent lows.