I've been keeping an eye on a detail in the order book for a while: SPACE's recent pullback keeps hitting the same price level, and the active buy orders are thinning out, while the sell walls above are being replenished quickly. It's not that there’s no rebound, it’s just that the 'quality' of the rebound isn't sufficient.
I'm only executing one direction here: shorting SPACEUSDT on the rebound.
My plan is set: I'll scale in once it retraces to 0.00700468 - 0.00709732, with my stop loss at 0.00724292.
Looking at targets, I’m eyeing 0.00684585 first, then 0.0067532, and finally aiming for 0.00663407.
Why this script? It’s not just a hunch:
SPACE is currently at Alpha rank #9, it's hot but not overcrowded; in the last 24 hours, spot is down -13.27% and futures are down -13.92%, indicating it’s not just a futures market panic. In the short term, 1h is -0.24% and 4h is -0.83%, and the slope after the pullback is still heading down. Open Interest is 375 million and down -0.42%, looking more like a liquidation consolidation rather than new bulls stepping in; funding is at +0.0050%, maintaining a positive value, meaning bulls are still paying, and if the rebound fails, it could easily turn into passive selling pressure. The 24h trading volume is 8.058 million, which allows for scaling, but liquidity isn’t thick enough, so market orders might get swept quickly.
So I’m giving this trade a medium risk: only placing orders at my planned levels, not chasing shorts in between; if the stop loss hits, I’ll just pull out directly.
Click the trade below $SPACE 👇
I'm only executing one direction here: shorting SPACEUSDT on the rebound.
My plan is set: I'll scale in once it retraces to 0.00700468 - 0.00709732, with my stop loss at 0.00724292.
Looking at targets, I’m eyeing 0.00684585 first, then 0.0067532, and finally aiming for 0.00663407.
Why this script? It’s not just a hunch:
SPACE is currently at Alpha rank #9, it's hot but not overcrowded; in the last 24 hours, spot is down -13.27% and futures are down -13.92%, indicating it’s not just a futures market panic. In the short term, 1h is -0.24% and 4h is -0.83%, and the slope after the pullback is still heading down. Open Interest is 375 million and down -0.42%, looking more like a liquidation consolidation rather than new bulls stepping in; funding is at +0.0050%, maintaining a positive value, meaning bulls are still paying, and if the rebound fails, it could easily turn into passive selling pressure. The 24h trading volume is 8.058 million, which allows for scaling, but liquidity isn’t thick enough, so market orders might get swept quickly.
So I’m giving this trade a medium risk: only placing orders at my planned levels, not chasing shorts in between; if the stop loss hits, I’ll just pull out directly.
Click the trade below $SPACE 👇