🚨 $SPACE – SHORT SETUP
Price: 0.00953
Timeframe: 1W
After an extreme parabolic spike to ~0.0246, price collapsed aggressively and is now showing a weak relief bounce. Structure favors continuation to the downside unless strong reclaim happens.
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📉 Market Structure
• Massive blow-off top → heavy distribution
• Strong bearish weekly candle after peak
• Current bounce looks corrective, not impulsive
• High volume on dump = real sell pressure
This looks like a classic pump → distribution → continuation setup.
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🎯 SHORT PLAN
🔹 Entry Zone: 0.0105 – 0.0120 (bounce into resistance)
🔹 Stop Loss: 0.0168 (above local supply zone)
🎯 Take Profit Targets:
• TP1: 0.0085
• TP2: 0.0065
• TP3: 0.0048
• TP4 (runner): 0.0040
R:R potential > 1:3 if entry is optimized.
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📌 Position Strategy
✔ Already short?
You can DCA on relief bounces into resistance, manage leverage carefully.
✔ New traders?
Wait for a better rejection candle near 0.011–0.012 zone. Don’t chase mid-range entries.
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⚠️ Invalidation = strong reclaim and hold above 0.0168.
Trade the structure. Protect capital first.
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