$SPCX dropped 9% in one Nasdaq session and is now bouncing in 24h trading. I'm short-biased, but I'm not selling here. I'm waiting for the bounce to reach the zone where the crash gap, the short-term average and the midpoint of the drop all stack up. Chasing the low is the trap. The 12h chart keeps printing lower highs. The last swing low broke, on the daily close too. What lines up: - All four technical methods point short, with entry zones in one area. - The bounce runs on under half the selling volume. A weak retrace. - Macro and news are tailwinds: AI-led Nasdaq selling and lockup supply. Several independent reads on one shelf make a failed retest there matter more. ICT view: the break of structure is in. The bounce is still in the discount half of the drop. I'd sell from premium, where the 4h and 12h fair value gaps and the 4h EMA20 overlap. Sell-side liquidity under the equal lows is the first magnet. I'm wrong if price clears the last 4h retrace high and holds above the 12h and 4h mid averages, the lower-high sequence is broken. Then I step aside. Risks: US jobs data lands tonight before the open. The daily is oversold, so the bounce could overshoot. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.