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M.Ishaq1919
16.
Don't celebrate the end of the $SPCX bearish phase too early.
Yes, positive earnings would be a strong catalyst.
Yes, a controlled unlock would also be positive.
But 910M shares still represent a significant potential supply overhang.
And sellers don't have to dump everything on day one.
They can wait.
That's why I expect volatility to remain high.
Many traders above $120 were trapped because they simply believed the price would recover.
I exited around 105 and remain slightly short around 114.
Patience is still the best strategy for me.
