$SPCX BEARISH RECOVERY ATTEMPT WEAK STRUCTURE BELOW RESISTANCE ZONE DISTRIBUTION CONTINUES
is currently showing weak recovery attempts after a sharp decline of -6.49%, with price still trading below major resistance zones. The structure indicates sellers remain dominant as every bounce is being capped near supply levels, preventing any strong bullish continuation.
Market behavior suggests a distribution phase where upside attempts are likely to face rejection unless a strong breakout above resistance occurs with volume confirmation. Until then, downside risk remains active within the broader structure.
SHORT SETUP (BEARISH CONTINUATION SCENARIO)
Entry: Breakdown below 91.06 support with volume confirmation
TP1: Immediate liquidity zone below breakdown
TP2: Lower demand cluster zone
TP3: Extended downside sweep level
STOP LOSS: Above 95.63 resistance or last lower high structure
RISK MANAGEMENT
Risk 1–2% per trade, avoid early entries during pullbacks, wait for confirmed breakdown, and scale out profits gradually at each target to secure gains.