$SPCX 4H Pullback Into Demand After a Record QuarterSpace Exploration Technologies CorpBATS:SPCXAlawan11 SpaceX (SPCX) has retreated to the 130–132.5 demand zone on the 4H chart after failing at 173–177 supply. The fundamentals are strong, but heavy share supply is capping the price. This is a tactical long from demand with a reward-to-risk of about 1:5.1.: ━━━━━━━━━━━━━━━━━━━━ FUNDAMENTAL OUTLOOK: BIAS IS BULLISH, WITH CAUTION → Momentum: SPCX IPO’d at $135 and raised a record $75 billion. It has since dropped from the ~$202 June peak to ~136, roughly flat against the IPO price. The August low was $104.83 on Aug. 3, and price rebounded from there. → Catalysts: Q3 results beat estimates. Revenue beat and the company posted its first quarterly profit since the IPO, with revenue of $14.6 billion and a $4.4 billion profit. The Fed held rates at 3.75%–4.00% on Oct 28 by a 10–2 vote, with two members preferring a hike. Markets are pricing a December hike, with the next decision on Dec 9. That is a headwind for high-valuation growth stocks. → Sentiment and supply: Analysts lean positive: 24 Buy, five Hold and three Sell ratings. The main risk is supply. Up to 1.3 billion shares became tradable on Oct 22, and the full 180-day lockup expires on Dec 8. Musk’s own shares stay locked until June 2027. ━━━━━━━━━━━━━━━━━━━━ TECHNICAL ANALYSIS (4H) → Structure: Two BMS (~150 and ~158) built the August–October uptrend. The October high was rejected at 173–177 supply. A CHoCH below ~146 then flipped short-term structure bearish. → Breakout and confirmation: Price has pulled back into Demand 1, the origin of the August rally. A 4H bullish reaction (or a lower-timeframe BMS inside the zone) is needed before entry. A bounce here would be a retest of the August base, not a new breakout. → Key levels: Support is 130–132.5, then 108–111. Resistance is 150, 158, and 173–177. ━━━━━━━━━━━━━━━━━━━━ TRADE PLAN Asset: SPCX / NASDAQ (rSPCX on Bitget) Direction: Long Timeframe: 4H ENTRY: 132.00 STOP LOSS: 128.50 TAKE PROFIT: 150.00 (TP2 158, TP3 170) REWARD-TO-RISK: 1:5.1 to TP1, 1:7.4 to TP2 Price dips into 130–132.5, prints a bullish 4H reaction, and rotates up toward the 150 BMS level. A close back above ~140 would show buyers defending the zone. Alternative plan if 4H close below 128.5 breaks the zone, and Demand 2 (108–111) becomes the next area to watch. Mind Dec 8 (full lockup expiry) and Dec 9 (Fed decision), which could cause sharp moves. As I explore Bitget rTokens, what stands out to me is the flexibility. I like the idea of trading eligible US stocks without T+1 settlement delays, getting extra rSPCX rewards, and exploring Dual Investment for potential returns. It gives investors more ways to manage and use their capital. Not financial advice. Trading involves risk, so manage your position size.