đ $SPACE is One to Watch Right Now!
Over the past few days $SPACE has shown some of the strongest price action in this market, printing a near 3x move from its lows. Now it's consolidating and the chart is setting up for the next big move.
Let me break it down đ
đ VOLUME PROFILE ANALYSIS
The majority of $SPACE ades happened ABOVE the 0.0100 level. Most market participants are positioned above this price, creating a strong magnetic pull back up.
Price is currently fighting to reclaim 0.0100 as support. This is the most critical level on the chart right now.
đŠ VALUE AREA
đ” POC: ~0.01100
đą VAH: ~0.01350 to 0.01400
đŽ VAL: ~0.00930 to 0.00950
â Price is ABOVE the VAL. Bullish structure is still intact.
đ BOLLINGER BANDS (20, 2)
đŽ Upper Band: 0.01312
đ” Middle Band: 0.01101
đą Lower Band: 0.00889
The BB midline at 0.01101 lines up perfectly with the POC. That is a strong confluence zone. A 4H close above 0.01100 would flip the structure bullish.
⥠TRADE SCENARIOS
â BULLISH
Trigger: Reclaim 0.01100
Target 1: 0.01350
Target 2: 0.01400 and beyond
â BEARISH
Trigger: Break below 0.00930
Target: 0.00700 to 0.00800
đŻ MY POSITION
I am currently LONG SPACE .
Setup is clean with defined risk and clear levels.
Waiting for momentum breakout above 0.01100 for full confirmation.
Invalidation: 4H close below 0.00930 â
đŹ Are you watching $SPACE? What do you think?
Drop your thoughts below đ
â ïž Not financial advice.
Do your own research.
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