SpaceX | selling into supplySpace Exploration Technologies CorpBATS:SPCXcurrencynerdThe rally that carried SpaceX to its 225.64 all-time high has gradually evolved into a classic markdown structure. Since peaking, every recovery has been met with fresh supply, producing a sequence of lower highs and lower lows that continues to favour sellers. The recent rejection from the 142.00–146.00 supply zone reinforces that narrative. Rather than reclaiming resistance, buyers once again failed beneath the descending structure, leaving price vulnerable to another leg lower. The larger 176.50 level remains the key structural resistance and is well above current price, keeping the broader bearish bias intact. This trade idea focuses on selling strength instead of chasing weakness. As long as price remains below the highlighted supply zone, the market continues to reward sellers who align with the prevailing trend rather than attempting to anticipate a reversal. Trade Parameters Bias: Sell Entry: 142.00–146.00 Stop Loss: 150.00 Target: 133.00 The trade offers a defined-risk opportunity based on market structure rather than prediction. A sustained close above 150.00 would invalidate the setup by signalling that buyers have reclaimed the most recent supply zone. Price doesn't need bad news to continue lower. It only needs sellers to remain willing to accept lower prices than buyers are prepared to pay. Until that imbalance changes, rallies are likely to remain selling opportunities rather than the start of a new uptrend. One Thing to Remember The strongest short trades rarely begin with panic. They begin when every rally becomes smaller than the last.