Most traders are watching the range. I'm watching the rejection.
🔻 $SPCX /USDT — SHORT Setup
📍 Entry: 166.871396 – 167.096826
🛑 Stop Loss: 168.066175
🎯 TP1: 166.172563
🎯 TP2: 165.631531
🎯 TP3: 164.819983
Why this setup?
• 4H bias has shifted SHORT, while the 1D chart remains range-bound.
• 15m RSI at 49.35 shows neutral momentum, leaving room for sellers to take control.
• ATR (1H) sits at 1.21, allowing for a tight risk setup with attractive reward potential.
• Range markets often lure traders into false breakouts before snapping back toward the mean.
A rejection around the entry zone could trigger a move toward lower support levels, with TP3 marking a deeper breakdown scenario.
The real question:
📉 Is this just a quick scalp to TP1, or the beginning of a larger move toward 164.82?
Trade smart. Risk management first.
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