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$SPCX | 1H | Bearish Rejection
Bias: Short
Entry Zone: 138.20 to 138.65
Stop Loss: 140.25
Targets:
TP1: 137.10
TP2: 136.15
TP3: 134.90
Invalidation:
Close above 140.25
Why This Setup:
I’m fading the bounce into the 138.6 to 139 area because price is still below the prior breakdown zone and the latest move is losing momentum after a sharp selloff. I want a lower-high rejection or failed reclaim for continuation back into the 137 and 136 liquidity pockets.