$SPCXB Strong Rejection From Resistance Signals Downside Risk

Trade Setup: Short

Entry Zone: $161.00 - $162.20

TP1: $157.00

TP2: $154.00

TP3: $150.70

SL: $165.80

I'm bearish on $SPCXB after the clear rejection from a key resistance zone and signs of weakening bullish momentum. Sellers have stepped in aggressively near the highs, increasing the probability of a move back toward lower support levels.

Any bounce into the entry zone could provide a favorable short opportunity. I'm looking for further downside as long as $SPCXB remains below resistance and fails to reclaim the recent swing high.

Use maximum 20x leverage and move SL to entry as soon as the trade goes into profit.

SPCXB

157.52

+2.95%

Trade Here On 👇