🚨 $SPACE Momentum Exhaustion – Short Setup 🚨
After an aggressive vertical pump, $SPACE is showing clear signs of exhaustion.
Price faced a sharp rejection from the highs, indicating heavy profit-taking and weakening bullish momentum.
📉 Why Short Bias?
• Parabolic move → unsustainable
• Strong rejection candle at the top
• Momentum fading + buyers losing control
• Likely pullback before next structure forms
🔻 Trade Setup (High Risk – Manage Carefully)
Position: Short
Leverage: 20x
🎯 Entry Zone: 0.0140 – 0.0145
🛑 Stop Loss: 0.0159
💰 Take Profits:
• TP1: 0.0128
• TP2: 0.0116
• TP3: 0.0105
⚠️ Risk Management is Key
Scale out at targets, protect capital, and don’t over-leverage.
📊 Let the chart confirm — trade the reaction, not emotions.
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