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There’s no spot-market reference this weekend; all quotes rely on limit-order matching
One candle doesn’t represent consensus; it only represents one person’s hand
$SPCX is now 135.89, with a 24h high of 136.18 and low of 133.41
At 05:00, 1.07 million contracts were dumped; in one hour, the price fell from 135.36 to 133.64
At 06:00, another 1.44 million contracts were bought up (6x average volume), with a low of 133.41
Three hours later, it made its way back on its own, touching 135.89 at 07:00
“Below 134 and it’s over” (where is the person who said that now?)
“It only counts as a real drop if it breaks 133.41”—it still hasn’t broken it
The mystery is how the price recovered so quickly after two hours of heavy selling
Here’s the reveal—1.07+1.44 million contracts were dumped, but only 750,000+350k were bought back
Big orders sell, small orders buy; this is called absorption, not a collapse
ma20 135.327; if the retest of 135.35 holds, I’ll re-enter
Stop-loss at 134.65, first watching 136.18, then 137.56
(Not investment advice; profits and losses are your own responsibility)