Post
Bearish

Why is everyone suddenly shorting SPCX when the 1h ATR just spiked?



$SPCX /USDT - SHORT

Trade Plan:
Entry: 143.85 – 144.23
SL: 145.91
TP1: 142.64
TP2: 141.71
TP3: 140.31

Why this setup?
Why now? The daily trend is range, which often precedes a directional breakdown, and the 15m RSI at 48.09 shows bearish momentum is building without being overbought. The 1h ATR of 0.777955 means the asset is volatile enough to push through the entry zone between 143.85 and 144.23 quickly. A fill at the entry reference of 144.04 targets TP1 at 142.64, with TP2 at 141.71 as the next leg down. The invalidation level at 148.75 is the hard stop that proves the setup wrong if breached.

Debate:
Are we hitting TP2 at 141.71 or getting trapped before the invalidation at 148.75?

⚠️ Personal market analysis only. NFA — manage risk and DYOR.
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SPCXSPCX-2.75%


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discovery
16 minutes ago
That move is wild 🔥
0
discovery
16 minutes ago
How much upside is left ?
0
discovery
16 minutes ago
First Review
Interesting 👀
0