$SPCX 🔥 Close to the bottom for a rebound play, risk-reward is excellent! The current price is just above a key daily support level at (172.5), and there's a sign of exhaustion in selling pressure.
Entry Rule: Enter with a light position at the current price of 174.5-175.7, but wait for a confirmation of the current 1H close (a long lower wick or engulfing bullish candle) before adding to the position.
Risk (Stop Loss): 172.5 (if the previous low is broken, exit immediately; risk is highly manageable, only about 3 bucks).
Take Profit: First target is 179.5 (first resistance on the rebound), second target is 183.0.
⏳ Only 27 minutes left for the current 1H candle to close! As long as we don't see a significant breakout below the previous low, the bulls can strike back at any moment. This is a perfect entry point for an optimal risk-reward scenario; don’t chase the highs after missing the lows!
Entry Rule: Enter with a light position at the current price of 174.5-175.7, but wait for a confirmation of the current 1H close (a long lower wick or engulfing bullish candle) before adding to the position.
Risk (Stop Loss): 172.5 (if the previous low is broken, exit immediately; risk is highly manageable, only about 3 bucks).
Take Profit: First target is 179.5 (first resistance on the rebound), second target is 183.0.
⏳ Only 27 minutes left for the current 1H candle to close! As long as we don't see a significant breakout below the previous low, the bulls can strike back at any moment. This is a perfect entry point for an optimal risk-reward scenario; don’t chase the highs after missing the lows!