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$SPCX has been consolidating at a high level, pulling back to around 135. Last week it surged from 105 to 141, up more than 30%. After the lock-up expiration, instead of falling, it rose, forcing shorts to cover and pushing the price up. But now it’s struggling to move higher and has started to consolidate sideways at a high level. I’m still holding my long position, bought at 130, reached 141, and now back to 135. Some profits have been given back, but I haven’t exited yet. Whether to sell or not has been on my mind these past couple of days. Looking at several signals, options volume is expanding, indicating capital is betting on direction, with a big divergence between bulls and bears. Short positions still hold about 250 million shares, accounting for 16% of tradable shares, which is not a low ratio. If shorts continue to be forced to cover, SPCX might have another rally. But if selling pressure keeps piling up, this high-level consolidation could be the top. I think this rally is more driven by short covering after the lock-up expiration, not because fundamentals suddenly improved. The earnings report is good, but the issue of high AI capital expenditure remains. Citibank gave a target price of 220, but now it’s at 135, so there’s still a long way to go to reach 220. So I’m holding my long position for now, but I’m aware this is just a rebound, not a trend reversal. If it rallies again above 145, I’ll consider reducing my position. If it falls below 130, I’ll exit. $BICO is a coin I’m really a bit obsessed with; such small coins have huge volatility. After violent rallies, there are often violent pullbacks. If you don’t catch the rhythm right, you get hit back and forth. Its daily chart is still trending down, so it might rebound a bit short term, but the overall direction is still bearish. $BEAT is still high, surging from 2.2 to 3.4, up more than 50%. It pulled back after the high last night but stabilized today. Volume is still there, and buy orders are increasing, so there might be short-term opportunities. But chasing at this level carries$SNDK