$SPCX is showing signs of weakness after a recent push upward.

Price action rejected again from the trendline, suggesting momentum may be fading and a potential reversal is developing.

I’ve initiated a short position around the $174 area.

Trade plan:

Entry: ~$174

Take Profit 1: $166

Take Profit 2: $160

Bias: Bearish short-term reversal after rejection

Watching closely for follow-through downside or any invalidation above the trendline.

SPCX
SPCXUSDT
164.32
-0.91%