$SPCX BULLISH CONSOLIDATION RANGE BREAKOUT SETUP ACCUMULATION NEAR RESISTANCE ZONE
is currently trading inside a tight consolidation range between support and resistance, showing controlled volatility and mild bullish pressure. Price is hovering near the mid-range zone after repeated testing of both support and resistance levels, indicating market indecision before a potential breakout move.
The structure remains slightly bullish as long as higher lows continue to form above the key support zone. A confirmed breakout above resistance could trigger continuation toward higher liquidity levels.
LONG SETUP (BULLISH BREAKOUT SCENARIO)
Entry: Breakout above 202.70 with strong volume followed by retest confirmation
TP1: Immediate resistance extension zone above breakout level
TP2: Mid-momentum expansion zone
TP3: Extended liquidity sweep zone if trend accelerates
STOP LOSS: Below 198.60 support or last structural swing low
RISK MANAGEMENT
Risk 1–2% per trade, avoid early entries inside consolidation, wait for confirmed breakout and retest, and scale out profits gradually at each target level.