$SPCX Don't get caught up in the hype of "SpaceX" this time around.
The square is already showcasing 75X short positions, with that post from 4 hours ago racking up 29k views; the charts aren’t giving the bulls any favors: SPCXUSDT is currently around 177.2U, down 2.15% in the last 24 hours, with perpetual trading at 444 million U, but prices are still stuck below the 1H MA20 at 179.1.
The news is legit: Binance is transitioning SPCXUSDT from Pre-IPO Perp to standard TradFi perpetual on June 12, and SPCXB spot is live now. The issue is, the louder the story, the more we need to watch for buying pressure. Right now, 181.8 is the upper bound for today; if we can’t reclaim the 179-182 range, the SpaceX narrative feels more like hype rather than a breakout.
My approach is straightforward: I'm not chasing shorts around 177; 175.3 is today’s low, and if it breaks, that’ll show the bears are still in control; if we can reclaim 182, then we’ll see if there's a bounce back. Until we break above that, let's keep our “rocket” faith in check and treat it more like a high-volatility TradFi contract.
#SPCX #bStocks #SpaceX #合约交易 #币安广场
$SPCX
X
The square is already showcasing 75X short positions, with that post from 4 hours ago racking up 29k views; the charts aren’t giving the bulls any favors: SPCXUSDT is currently around 177.2U, down 2.15% in the last 24 hours, with perpetual trading at 444 million U, but prices are still stuck below the 1H MA20 at 179.1.
The news is legit: Binance is transitioning SPCXUSDT from Pre-IPO Perp to standard TradFi perpetual on June 12, and SPCXB spot is live now. The issue is, the louder the story, the more we need to watch for buying pressure. Right now, 181.8 is the upper bound for today; if we can’t reclaim the 179-182 range, the SpaceX narrative feels more like hype rather than a breakout.
My approach is straightforward: I'm not chasing shorts around 177; 175.3 is today’s low, and if it breaks, that’ll show the bears are still in control; if we can reclaim 182, then we’ll see if there's a bounce back. Until we break above that, let's keep our “rocket” faith in check and treat it more like a high-volatility TradFi contract.
#SPCX #bStocks #SpaceX #合约交易 #币安广场
$SPCX
X