$SPCX Is Up 41% Since the Bottom. I’m Still Waiting
$SpaceX(SPCX)$ is now up more than 41% from the August 5th bottom.
That call worked beautifully.
I took profits on the 30% breakout in less than six days and stepped away from the position on August 10th. Since then, I’ve been waiting for the pullback.
Still waiting. 😅
The stock keeps pushing higher, but I’m not going to chase it just because the move continues.
That’s the important part.
📈 Price can keep going.
💰 The setup can still be great.
⏳ And I can still choose to wait.
Right now, $SPCX is no longer trading at the kind of discount I was looking for.
The next level I’m watching is around $160 resistance on the volume profile. Price could continue grinding toward that area, but I’d rather let the market come back to me.
If we finally get a sizable retracement, I’ll start looking for a new long entry.
Until then, patience.
I already got paid on the first move. There’s no reason to force the second one.
Let $SPCX come back to the setup. I’ll wait. 👀
When markets keep you watching, knowing when to switch off matters too.
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