$SPCX Watch for a long-side rebound. Everyone is currently chasing the drop below support, but such an overly unanimous expectation could backfire.

At present, the 4-hour long structure is still intact, and the daily chart shows clear support reactions in the range of 124.89 to 125.25. In the short term, the 15-minute RSI is around 41, and there is still plenty of room for buyers to push upward. Also, the 15-minute trading volume directly surged by 4 times—real buy-side capital may already have entered.

For entry, you can continue to watch the area around 124.89 to 125.25. The upside targets could be 126.75 and even 129.55. Don’t get too overzealous chasing entries—if it breaks below 122.83, you must pay attention to the risk.