SPCX recently found strong buying interest around the $150 round number, a level that acted as a major support and successfully rejected the latest bearish move. 📈
Following that rejection, price broke above the previous major high, marked in blue, signaling a shift in momentum from bearish to bullish.
📌 With buyers now taking control, we will be looking for trend-following long setups on the next bearish correction, anticipating the continuation of the newly established bullish trend.
As always, rather than chasing the rally, we will wait for price to pull back into support and print bullish confirmation before considering any long positions.
Will the next correction offer the perfect buying opportunity? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Following that rejection, price broke above the previous major high, marked in blue, signaling a shift in momentum from bearish to bullish.
📌 With buyers now taking control, we will be looking for trend-following long setups on the next bearish correction, anticipating the continuation of the newly established bullish trend.
As always, rather than chasing the rally, we will wait for price to pull back into support and print bullish confirmation before considering any long positions.
Will the next correction offer the perfect buying opportunity? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。