$SPCX Short 75x – Rejection confirmed, now we’re waiting for the continuation.
SPCX showed a clear rejection from 154.79241–155.10330. I entered a 75x Short Isolated.
Trading plan:
- Entry: 154.79241 – 155.10330
- TP1: 153.82867 (R:R 1:0.8)
- TP2: 153.08254 (R:R 1:1.2)
- TP3: 151.96335 (R:R 1:2.0)
- SL: 156.44011
Why this setup?
- The 4-hour short setup remains untouched, with a valid context within the daily range, since price is reacting from 154.79241–155.10330 near 154.94786.
- RSI on the 15-minute timeframe is at 58, leaving room for sellers to push down.
- Volume on the 15-minute timeframe is 3.98x, with 1.15K trades versus the expected 287.83000, confirming real seller participation.
SPCX showed a clear rejection from 154.79241–155.10330. I entered a 75x Short Isolated.
Trading plan:
- Entry: 154.79241 – 155.10330
- TP1: 153.82867 (R:R 1:0.8)
- TP2: 153.08254 (R:R 1:1.2)
- TP3: 151.96335 (R:R 1:2.0)
- SL: 156.44011
Why this setup?
- The 4-hour short setup remains untouched, with a valid context within the daily range, since price is reacting from 154.79241–155.10330 near 154.94786.
- RSI on the 15-minute timeframe is at 58, leaving room for sellers to push down.
- Volume on the 15-minute timeframe is 3.98x, with 1.15K trades versus the expected 287.83000, confirming real seller participation.