📊 $SPACE (Spacecoin) — Technical Analysis (1H)

Current Price: ~$0.0257

Move: +229% impulsive expansion

Structure: Vertical breakout candle (price discovery)

🔍 What the chart is telling us

1️⃣ Impulsive Expansion

That single large green candle from ~0.0073 → ~0.030 shows aggressive market orders, not organic accumulation.

This is impulse, not structure yet — price moved too far, too fast.

2️⃣ No Base / No Support Below

There is no established demand zone between 0.007–0.02.

That means weak structural support if momentum fades.

Markets don’t like gaps → they often retrace to build structure.

3️⃣ Likely Local Top Behavior

Wick rejection near 0.030–0.031 suggests early profit-taking.

This is typical after first discovery candle.

🔮 Probable Scenarios (High → Low probability)

🟡 Scenario 1: Healthy Pullback (Most Likely)

Price retraces into 0.018 – 0.020

Builds consolidation

If buyers step in → continuation toward 0.032–0.038 ✅ Best scenario for sustainable trend

🔴 Scenario 2: Deeper Mean Reversion

Failure to hold 0.020

Price revisits 0.012 – 0.014

This would still be technically healthy, just a deeper reset ⚠️ Painful but normal after parabolic moves

🟢 Scenario 3: Immediate Continuation (Low Probability)

Holds above 0.024

Breaks 0.031 with volume

Extension toward 0.040+ 🚨 Risky — usually happens only with strong narrative + inflows

🧠 Trading Perspective

Chasing here = poor R:R

This is not an entry zone, it’s a reaction zone

Let price come to you, not the other way around

Key Levels to Watch

Resistance: 0.030 – 0.031

Support zones:

First: 0.020

Deeper: 0.012–0.014

🧭 Final Verdict

This move looks like a launch impulse, not a trend yet.

The next pullback will decide whether SPACE:

evolves into a real uptrend, or

becomes a classic pump → retrace → base structure.

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