Judging from $SPCX ’s recent performance, tonight’s market open is still expected to keep falling—there’s no end to it. Every time a good catalyst is released, the price action becomes extremely unstable.

If your entry is around 180–190, then you probably won’t be able to get back to breakeven in the short term. In theory, 5% of circulating supply should be enough to push the price up, but in reality, it just can’t be moved.

The suggestion is to continue holding the short position. SPCX is trying to test and break below the 110 resistance level; if it reaches that 110 level of resistance, then breaking the double-digit support will be achieved quickly.

The V3 sent on Friday this week—if the launch is completed, the market may move higher. But if the launch fails, then the move to break below 110 will come soon. #SpaceX