$SPACE – Relief bounce running into supply
Short $SPACE
Entry: 0.0069 – 0.0073
Stop Loss: 0.0080
Targets:
TP1: 0.0060
TP2: 0.0052
TP3: 0.0041
The recent push higher lost momentum quickly and selling pressure appeared on the first test of resistance. This suggests the move is more likely a corrective bounce rather than a true trend reversal. Momentum is starting to roll over again, and buyers are not getting acceptance above this zone.
As long as price stays below this area, downside continuation remains the cleaner scenario. Trade with discipline and manage risk properly.