SPCE: Bullish Divergence Near Support — Conditional Long SetupVirgin Galactic Holdings IncBATS:SPCEBenefitmanSPCE is showing a possible reversal setup after a long decline from the previous momentum spike. This is not a confirmed trend reversal yet. The chart is still under a descending structure, so I would treat this as a conditional long setup rather than a blind buy. What I see on the chart 1. Bullish divergence cluster Several bullish RSI divergence signals appeared near the lower part of the move. This means price continued to push lower, but RSI started to show less downside momentum. That can be an early warning that selling pressure is weakening. However, bullish divergence alone is not enough. 2. Support area Price is reacting around the lower support zone near 2.48–2.60. As long as this area holds, the setup remains alive. If price loses this area with follow-through, the idea is invalidated for me. 3. Descending trendline The key confirmation is a break above the descending trendline. Until price breaks and holds above that line, this is still a falling structure. A breakout would show that sellers are losing control and that the bullish divergence may start to matter. 4. EMA structure Price is also trying to reclaim short-term EMA structure. A clean hold above the EMA area after a breakout would make the setup stronger. If price rejects again below the trendline and EMA structure, the long setup becomes weaker. Possible plan Entry idea: – aggressive: near current support after bullish divergence – safer: after breakout and hold above the descending trendline Invalidation: – below the 2.48–2.60 support zone Potential upside zones: – first reaction zone: 3.30–3.50 – next resistance zone: 4.50–5.00 – extended scenario: 8.50–9.00 if momentum fully returns Main idea Bullish divergence shows that downside momentum may be weakening. But structure still needs to confirm. For me, the key is simple: Support must hold. Trendline must break. Then the setup becomes more interesting. Educational content only. Not financial advice.