SpaceX — Last chance for the bulls?

🏆SpaceX has continued to respect the broader bearish structure, but price is now sitting inside a major demand zone where buyers have reacted before. This area could become a turning point, making the next move especially important.

📈 Bullish scenario

If buyers successfully defend the current support and break above the descending dynamic resistance, we can expect a stronger recovery toward the next resistance zones. This would be the first sign that bullish momentum is returning.

📉 Bearish scenario

If sellers break below the current demand zone, the bearish trend is likely to continue, opening the door for another leg lower toward the next support area.

This is one of the most important areas on the chart. If buyers fail to defend this zone, it could indeed represent the last meaningful opportunity before a much deeper decline. However, confirmation is still needed—a strong bullish reaction from this support is what traders should be watching for.

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SpaceX — Massive breakout loading?

by TheZimpact