15-minute timeframeSpace Exploration Technologies CorpBATS:SPCXTootough254SPCX is showing clear signs of a post-IPO bottom forma 1. Market Structure & The Post-IPO Hype Cycle • The Launch & Flush: After its blockbuster debut, the stock underwent a textbook post-IPO cycle. It gap-opened above the $135 initial price at $150, rocketed into a massive hype-driven peak above $220, and then sharply corrected as early allocations took profit and shorts stepped in. • The Stabilization Phase: The steep descent structurally exhausted itself exactly where the public market trading began—right at the $150 support floor. 2. Key Levels to Watch • Major Support Floor ($150.05): This is the line in the sand. As noted on the chart, the "IPO trading price $150" acted as a massive psychological and structural cushion. Buyers stepped in hard here over the June 24–26 period, creating a solid double/triple bottom structure. • Ultimate Safety Net ($135.01): The official "IPO open" price. If $150 ever fails on a broader market flush, this is the macro institutional accumulation zone. • Immediate Resistance ($162.75): The stock is currently battling this exact level ($162.22). A clean hourly close above $162.75 shifts the short-term market structure from bearish/consolidation to flipping bullish. • Macro Upside Targets: If it clears the immediate hurdle, the next major overhead supply zones sit at $177.84 and $188.77. 3. Indicator & Moving Average Dynamics • EMA Ribbon Compression: The cluster of short-term moving averages (the multi-colored ribbon) is tightly compressing around the current price. In technical trading, compression precedes expansion. The fact that the price is poking to the top side of this ribbon indicates a bullish breakout attempt is underway. • The Green Trendline (Resistance): The descending green brush line highlights the recent localized downtrend. The price has successfully broken out to the right of this curve, signaling that the aggressive selling momentum has paused. Bull Case: If it holds the $160 level and breaks cleanly above $162.75, expect a quick squeeze up toward $177. Risk can be tightly managed against recent local lows. Bear Case: If it gets rejected at $162.75, expect it to drift back down to test the $150 macro floor again to build a longer base. Volume Note: Volume has dried up on the selling side compared to the opening weeks, meaning it won't take massive buying pressure to move this back up if retail and institutions step back in simultaneously. Follow and Like for more!