$SPCX continues to display bearish market structure after failing to sustain the recovery toward $188.38. The rejection from higher levels triggered a fresh wave of selling that pushed price back to session lows near $180.00. Current positioning suggests sellers remain in control while price trades close to support.
EP: $180.20 – $181.20
TP1: $179.00
TP2: $177.50
TP3: $175.00
SL: $183.30
The trend remains bearish with lower highs developing after the failed recovery attempt.
Momentum has shifted back toward sellers following the sharp rejection from resistance.
Liquidity beneath $180.00 remains exposed, and a breakdown through support would likely attract additional selling pressure toward lower targets.
SPCXUSDT
Perp
168.03
-6.84%