$SPCX Shorts being cornered! Is 180 bucks dead or alive?



​“Market rules with an iron fist, main players dominate greed. Brothers, I am Bai Yue.

SPCX one-hour trend, the main players are causing trouble. Technical analysis:​ Price climbed from 175 to 177-180, all moving averages above pressing down, 180 is the gate of hell, breaking through counts, failing to break results in a fall.
Liquidation map:​ From 180 to 182 are all yellow bars, shorts are cornered, as soon as the price rises, chain liquidations happen, this is a short squeeze.
News:​ The largest short position is 21.03 million USD, average price 192, now only 178, trapped and dead. Big players will definitely push the market to save themselves, retail investors follow.

Trading strategy
Short near 180-175, target near 170-160
Long near 160-165

Existing long positions are advised to reduce holdings in batches around 180; those not entered should avoid chasing high.
#Gate直通韩股股票 #Gate最新储备金证明
SPCX-1,61%
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