$SPACE is becoming one of the strongest momentum plays on the 1H watchlist right now.
Long $SPACE
Entry Zone: 0.00775 – 0.00795
Stop Loss: 0.00720
🎯 Targets
• TP1: 0.00830
• TP2: 0.00875
• TP3: 0.00950
SPACE on the 1H timeframe is printing one of the cleanest momentum reversals on the market right now. After forming a strong base near the 0.0068 support zone, bulls stepped in aggressively with massive volume expansion and a vertical impulse move.
The structure now suggests a potential continuation breakout if buyers maintain pressure above key resistance.
🔍 Technical Breakdown
✅ Strong V-shaped recovery from local bottom
✅ Massive buy-side volume confirms momentum
✅ Bullish engulfing candles across multiple 1H sessions
✅ Momentum reclaim above psychological 0.0080 level
✅ Potential continuation toward new local highs if resistance breaks
The key level to watch now is the 0.00825 – 0.00835 resistance zone. A clean breakout above that region could trigger another impulsive leg higher as FOMO buyers enter the market.
⚠️ Risk Factors
• Rejection at resistance could lead to short-term consolidation
• BTC volatility may affect momentum continuation
• Avoid chasing extended green candles without confirmation
📌 Strategy Insight
Aggressive traders may look for breakout continuation entries, while conservative traders can wait for a retest of support before positioning.
Current momentum strongly favors bulls unless price loses the 0.00720 structure support.
Would you trade the breakout or wait for a pullback? 👀
Trade $SPACE here
