$SPA – Massive wick rejection. Overextended.

Short $SPA

Entry: 0.00445 – 0.00460

SL: 0.00515

TP1: 0.00385

TP2: 0.00340

TP3: 0.00305

Vertical move met a brick wall at the 0.0060 level, leaving behind a massive graveyard candle. The 1H chart shows momentum is stalling out significantly as buyers fail to sustain the breakout. We’re currently trading way above the EMA(25) and EMA(99), suggesting a deep mean-reversion move is coming to flush out the late longs. RSI peaked near 90 and is now curling down, confirming the local top is likely in.

Trade $SPA here 👇

SPA

Alpha

0.0037558

+3.33%