Trading Plan Short $SPCX

$SPCX wicked 228 resistance hard on the 1h after an aggressive run up.

Entry: $212.00-$218.00

Stoploss: $230.50

Targets: $200.00 / $185.00 / $170.50

SPCX popped 228 and got rejected, a clear distribution wick on the 1H. Funding is aggressively negative at -0.07% per 8h, indicating shorts are piled in, but the price action suggests they might be right this time. Retail longs are crowded at 1.68 L/S ratio, setting up a nice flush. Sellers are aggressive, pushing taker sell volume. Reclaim 230.50, short voided.

Trade $SPCX here 👇

SPCX
SPCXUSDT
209.21
+21.69%