$SPACE 1H Setup Still Favors Buyers Above Key Support
LIMIT ORDER
$SPACE LONG BUY
ENTRY: 0.006563 demand zone
TP1: 0.006841
TP2: 0.007597
TP3: 0.008085
SL: Below 0.006295 or below the swing low formed after confirmation
Market Outlook (1H)
SPACE maintains a bullish structure on the 1-hour timeframe as long as price remains above the 0.006295 support area. A retrace into the 0.006563 demand zone followed by a bullish engulfing candle, pin bar, or lower-timeframe rejection could provide an opportunity for continuation toward 0.006841 initially, with extension toward 0.007597 and potentially 0.008085 if momentum expands. The bullish thesis becomes invalid if price closes decisively below 0.006295 and fails to reclaim the level, opening the door for a move toward 0.006248 and potentially 0.005607.
LIMIT ORDER
$SPACE LONG BUY
ENTRY: 0.006563 demand zone
TP1: 0.006841
TP2: 0.007597
TP3: 0.008085
SL: Below 0.006295 or below the swing low formed after confirmation
Market Outlook (1H)
SPACE maintains a bullish structure on the 1-hour timeframe as long as price remains above the 0.006295 support area. A retrace into the 0.006563 demand zone followed by a bullish engulfing candle, pin bar, or lower-timeframe rejection could provide an opportunity for continuation toward 0.006841 initially, with extension toward 0.007597 and potentially 0.008085 if momentum expands. The bullish thesis becomes invalid if price closes decisively below 0.006295 and fails to reclaim the level, opening the door for a move toward 0.006248 and potentially 0.005607.