$SPACE — Bearish Setup Building at Range Resistance
Short $SPACE
• Entry: 0.007285 – 0.007357
• Stop Loss: 0.007664
Targets:
• TP1: 0.007064
• TP2: 0.006892
• TP3: 0.006635
SPACE is approaching a key intraday resistance area, where price action is beginning to show signs of exhaustion. The 4H structure favors a short bias, with the market trading inside a broader daily range and struggling to build higher highs.
This zone offers a clean risk-to-reward opportunity, as the entry sits near a critical reference level. If sellers step in and the price fails to reclaim higher levels, the market could rotate back toward 0.00706 and 0.00689, with a deeper move toward 0.00663 if momentum accelerates.
Lower-timeframe RSI remains neutral, suggesting the market still has room to move downward before reaching oversold conditions. A decisive rejection from the entry zone would strengthen the probability of a range breakdown.
The bearish thesis remains valid as long as price stays below the $0.007664 invalidation level.
Trader Debate:
Is this the beginning of a breakdown from the range, or will buyers defend support and trigger another fakeout move?
Trade $SPACE here 👇🏻
#SPACE #Crypto #Trading #Binance