$SPCX The daily line is still below the MACD midline, and the possibility of further downside is still high—it remains a downtrend. Since we can’t find a better structure on the four-hour chart, we’ll just look at the one-hour structure here. The first rectangular drop before was from 124 to 110, dropping 14 points. The second wave was from 116 to 110, a drop of 6 points. The third wave was from 115 to 119, also 6 points. The one-hour chart already shows signs of a sell-off bottoming out and a rebound. So everyone can take a long position here, but remember: don’t go heavy, because there’s no clear floor below—nobody knows how far the price could keep dropping. Here, it will most likely form a trading range (box). The bottom area is still very suitable for placing a long order. Set the stop loss at the previous low before 107, or around 100. Since any round number area will act as resistance and support, the stop loss must be placed around 100.