$SPCX Broke Support. Here’s Where I’m Buying
1 extracted signal · 0 resolved · 1 still active
Traders Helping TradersIndependent analyst profile- Source published
- 02 Nov 2026, 20:30 UTC
- Recorded by Tahlil Plus
- 02 Nov 2026, 22:52 UTC
AI-generated source summary
The speaker expresses a bearish outlook on SPCX, noting that the 1-hour chart's bullish structure has been broken. Previously, the stock experienced significant upward movements from support levels, with gains of 25%, 14%, and 20%. However, recent price action shows a pullback into the October 'Smart Money Zone' between $127 and $135. The speaker indicates that based on historical price action and the break of the bullish structure, they do not see a short-term trading opportunity on the upside or downside due to the limited potential downside move (approximately 18%). The expectation is for price to potentially retest the resistance zone around $147-$150 before facing rejection and moving lower, filling the downward volume gap towards the $116-$120 range. The analysis suggests waiting for a clearer setup rather than immediate action.
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