$SPCX SHORTS UNDER PRESSURE
#SPCX is trading near $130.53 after $50.3K in short positions were liquidated. The squeeze indicates buyers gained control of the immediate move, forcing bearish leverage to unwind.
Current Price: $130.53
24H Change: Not provided
Support: $126, then $122
Resistance: $135, then $140
The key level is $135. A confirmed breakout could keep the squeeze running and attract momentum buyers. If $126 fails, the market could retrace toward $122 as trapped longs begin taking profit.
TG1: $135
TG2: $140
TG3: $148
A sustained move below $122 would damage the bullish structure.
Stop-loss: Below $122.
Pro Trader Tip: Confirm the breakout with volume. Liquidated shorts can fuel a move, but they do not guarantee continuation.
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