#StockTradingShareChallenge #StockTradingShareChallenge

SPCX/USDT perpetual is trading around 142, keeping the broader structure constructive. ADX remains near 26–29, indicating that the market is trending rather than moving sideways. Short-term moving averages continue to hold above the longer-term averages, maintaining a bullish technical structure.

Market Structure — Bullish With a Key Breakout Ahead

Price is still positioned above the major moving-average zone, while the 200-period average remains an important medium-term support area. Bollinger Bands show price trading between the middle and upper bands, suggesting that buyers still have control.

However, short-term momentum is becoming stretched. Hourly RSI has approached the 75 area and CCI remains elevated, meaning aggressive entries at current levels carry higher pullback risk. A period of consolidation before the next breakout would be healthy.

The key level to watch is 144.04. A strong breakout with increasing volume would strengthen the continuation setup, while repeated rejection could send price back toward the lower support zones.

Key Levels

Resistance:
• 144.04 — first breakout barrier
• 145.89 — second resistance
• 146.97 — major upper resistance

Support:
• 140.58 — immediate support
• 138.73 — medium-term support
• 136.32 — structural invalidation

The main battlefield is between 140.58 and 146.97. Holding above 140.58 keeps the bullish structure intact, while a decisive loss of 136.32 would significantly weaken the setup.

Trading Plan

Bullish continuation scenario:

Entry confirmation: Daily close above 144.04 with strong volume

TP1: 144.13
TP2: 146.26
TP3: 148.82

Potential risk levels:

SL1: 140.86
SL2: 138.73
SL3: 136.32

Rather than chasing the move, confirmation above resistance is preferable. After each target is reached, stops can be moved upward to protect accumulated profits while keeping a portion of the position open for a possible extension.

Momentum & Sentiment

Funding remains slightly negative around -0.013%, while the long-to-short ratio is near 1.22. The buyer/seller activity ratio is close to 1.01, showing relatively balanced participation with a small buyer advantage.

Open interest is around 981M USDT and has increased approximately 6% over the last 24 hours. Rising OI while price holds near the upper part of the range suggests that fresh positioning is entering the market.

Overall bias remains cautiously bullish. The next major confirmation is above 144.04. If buyers reclaim that level decisively, SPCX could target the 146–149 region. If the breakout fails, a pullback toward 140.58–138.73 would be the key area to monitor.

This is market analysis based on public data, not financial advice. Always manage risk and size positions according to volatility.