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Late at night, I grabbed a snack and took the time to scan the order book. $SPCX kicked off the downward move as scheduled.
At the 136.42 level, you could already clearly tell that the buy-side couldn’t be pushed. The market maker gave up defending the price, and sell-pressure orders kept piling up. The moment it happened, I reminded everyone in the main camp to set up a short.
With the current latest price at 124.08, the profit on this trade has already surged to 841.54%. For the participating partners, prioritize taking out most of the profit; the remaining positions will bet on the 120 break. Place the stop-loss at 128 to control downside risk.
Don’t get too fixated on catching every wave of the market. If you missed this trade, just wait for the next signals—there are always market opportunities. $BTC $ETH