$SPACE Bears Are Finally Stepping In After The Explosive Rally
After a massive upside move, is showing early signs of exhaustion near the local top around 0.00890. Price is struggling to maintain momentum while rejection candles continue forming near resistance. A short-term retracement now looks possible as traders begin locking profits after the pump.
The setup remains strictly a scalp short while the higher timeframe trend still stays bullish overall. As long as price remains below the 0.00858–0.00890 resistance area, downside pressure could push the market toward lower liquidity zones quickly.
Trade Setup
Entry Zone: 0.00832 – 0.00840
TP1: 0.00815
TP2: 0.00798
TP3: 0.00775
SL: 0.00858
Current Structure: — Strong rejection from 0.00890 high
— Momentum slowing after aggressive pump
— Price extended near upper Bollinger Band
— Possible cooldown before next bullish continuation