📉 VERTICAL EXHAUSTION! MicrovisionChain ($SPACE ) Rejects Resistance Clusters: Short Setup! [SHORT]
⚡ TRADE EXECUTION (SPACE/USDT Perpetual)
📉 ENTRY ZONE: $0.0120 – $0.0135
🛑 STOP LOSS (SL): $0.0162 (Above recent swing high/liquidity grab)
🎯 TARGET 1: $0.0098
💰 TARGET 2: $0.0075
🔥 WHY WE ARE SHORTING SPACE
MicrovisionChain (SPACE), a Bitcoin Layer-2 scaling solution, is showing significant signs of technical exhaustion following a volatile parabolic move as of February 18, 2026:
Massive Wick Rejection: Looking at the latest 4-hour chart, SPACE attempted a recovery toward $0.0159 but was met with aggressive selling pressure, leaving a massive "upper wick". This indicates that the bulls lack the strength to maintain higher price levels.
Extreme Market Fear: The broader crypto market is currently in "Extreme Fear" (Index Score: 8–10). High-beta infrastructure tokens like SPACE are typically the first to be liquidated as traders de-risk into stablecoins or BTC.
Technical Breakdown (MACD): On the 4-hour timeframe, the MACD is flashing a bearish signal as the DIF line crosses below the DEA line, accompanied by a shift toward red histogram bars. This confirms a loss of bullish momentum.
Volume Divergence: While the price saw a 10% intraday bounce, the 24-hour trading volume has decreased significantly (down 61% to $188M) compared to previous peak sessions. A price rise on falling volume is a classic "bearish divergence" and often precedes a sharp correction.
Bearish Near-Term Forecasts: Statistical models for late February suggest a continued slide. The token is expected to drop by approximately -24.30% over the coming week, targeting the primary support zone near $0.0075.
Support Flip to Resistance: The $0.0132 level, which previously acted as local support, has now been flipped into a supply zone. Failure to decisively close a 4-hour candle above this level reinforces the bearish continuation thesis.
