$SPCX is holding a steady continuation structure after reclaiming intraday support near the 205 region. Price action remains constructive with buyers defending higher lows on lower timeframes while momentum slowly rotates back toward resistance. The recent bounce from support shows demand is still active, and as long as price continues trading above the local liquidity pocket, continuation toward higher targets remains valid.
The market structure currently favors upside expansion after a brief consolidation phase. Volume behavior suggests sellers are losing control near support while buyers continue absorbing downside pressure. A clean breakout above the immediate resistance zone could trigger another momentum leg.
Trade Setup
Entry Zone (EP): 206.20 – 207.80
TP1: 210.50
TP2: 214.00
TP3: 218.60
Stop Loss (SL): 202.40
This setup looks valid because SPCX is respecting short-term support defense while forming a sequence of higher lows. Momentum reclaim above the consolidation range adds confirmation, and liquidity remains positioned above recent highs. If price sustains above entry support, continuation toward the upper resistance band becomes likely.
Market Sentiment: Cautiously Bullish
Watching SPCX closely for continuation confirmation above resistance.
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