$RSPCX: Breakout or Just Another Relief Rally?RSPCXUSDT SPOTBITGET:RSPCXUSDTkhsifat36After weeks of getting crushed inside a broad downtrend, RSPCX is finally showing signs that the sellers may be losing control. The most interesting part of this chart isn't simply the recent green candles. It’s the structure behind the move. For weeks, price respected a descending channel, continuously printing lower highs while the Ichimoku cloud stayed overhead. Then things started changing. We got what looks like a double-bottom around the $105–108 area, followed by a strong move higher. Now RSPCX is trading around $135 and has reclaimed several key moving-average levels. But I’m not chasing it here. 📌 The levels I'm watching: $131–132 → first major support This is probably the most important near-term zone for the bulls. If RSPCX pulls back into this area and buyers defend it, that could create a much cleaner continuation setup. Below that, $124–125 becomes another important support area, followed by the $115–118 region. The real line in the sand for the bigger bullish structure is much lower around $108. As long as SPCX keeps forming higher lows above these areas, the recovery thesis remains intact. Now on the upside, there are a few levels that matter. 🎯 $143–144 → first major resistance 🎯 $152 → next target 🎯 $156 → second target 🚀 $160+ → possible if momentum really expands So I don't expect this to move straight up. A rejection around $143–144 wouldn't surprise me at all. But if we get a clean reclaim of that zone with strong volume, I'd start watching $152–156 much more closely. And this is also where Bitget becomes useful for me. The US market hasn't even opened yet, but I don't necessarily have to wait for the traditional session to start planning or executing around the move. With Bitget's 24/7 rToken trading, I can react to the chart outside regular US market hours rather than waiting for the opening bell. For me, the combination of accessible 24/7 trading and deep liquidity & the tightest spread makes these setups much easier to manage. 🔸 Tightest spread means large orders get filled with the best prices at the lowest slippage, best for institutions looking to accumulate stocks. 🔸 Deepest Liquidity: rToken brings the liquidity of Nasdaq and NYSE directly to Bitget. ✅ My current read: I'm bullish on the structure but cautious on the entry. 🟢 Bull case: Hold $131–132 → reclaim $143–144 → target $152–156. 🟡 Neutral case: Consolidate between roughly $131 and $144 before the next major move. 🔴 Bear case: Lose $131–132 → $124–125 becomes the next area to watch → deeper retracement toward $115–118. Now I want to see whether this is actually the beginning of a larger trend reversal or simply another relief rally inside the bigger picture. The $131–132 retest could tell us a lot. If buyers defend it, the breakout starts looking much more convincing. If it fails, I’d rather step aside and let the chart come to me. Not financial advice, just my technical read and the levels I’m watching