$SPACE – Short Setup Analysis

Market Context:

$SPACE surged in a parabolic run, hitting local highs with a strong pump. Momentum has cooled sharply, and price action shows lower highs forming—a classic pullback structure #signaling potential reversal.

Trade Idea:

Position: Short $SPACE

Entry Zone: 0.0126 – 0.0130

Stop-Loss: 0.0144 (above recent highs)

Targets:

TP1: 0.0115

TP2: 0.0102

TP3: 0.0088

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