From around $105 to $130+ after earnings, then straight back toward the $115–$116 area.

That’s a big move, but I’m honestly not comfortable chasing it here.

What I want to know now is pretty simple:

Was that earnings move the start of something bigger, or just a huge spike that got sold?

📊 What I’m seeing on the 1H chart

The earnings reaction pushed SPCX all the way to around $130.53, but sellers stepped in pretty hard around the $125–$130 area.

Now price is sitting around $115–$116, so this is the area I’m watching closely.

My levels:

$115–$116 → current area to watch
$113–$114 → important support
$118–$120 → FVG / reclaim area
$124–$126 → major resistance
$130.53 → recent high

💭 How I’m looking at the earnings reaction

The earnings report clearly gave the stock a reason to move.

But after that first big push, we saw sellers take over pretty quickly.

That’s why I don’t want to look at the earnings result alone.

I want to see if buyers can actually hold the gains from the report.

If SPCX holds $115–$116 and gets back above $118–$120, I’d feel more comfortable watching for another push toward $124–$126 and possibly $130.

But if $113–$114 breaks, I’d rather stay patient and see if price comes down toward the $108–$110 area.

There’s also the upcoming share unlock, which makes me even more careful. Even if the earnings story looks good, more shares entering the market can bring extra selling pressure.

So right now, I’m looking at a pretty simple battle:

Good earnings + buyers 📈
vs.
Profit-taking + new supply 📉

I’m looking at SPCX through RSPCXUSDT on Bitget Stocks, mainly because it gives me another way to follow the underlying stock movement without changing the analysis itself.

🎀 My plan

If $115–$116 holds, I’m watching for a reclaim of $118–$120.

If that happens with some strength, the next areas I’m watching are $124–$126 and then $130.53.

If $113–$114 breaks, I’m stepping back and watching the lower levels instead.

No FOMO for me.

The move already happened. Now I want confirmation before making a decision.

What would you do here?

🐂 Buy the pullback
🐻 Look for a short
👀 Wait for the $118–$120 reclaim

Not financial advice, just sharing my own chart and earnings read.