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đŒđđđ Treader
Looks like this morning's view is playing out.
$SPCX 's rally turned out to be a classic bull trap, drawing in late buyers before reversing sharply. Price has now fallen back to 110, wiping out the gains from the past few days.
I entered at 110, watched it rally to 130, and now it's right back where it started.
The first token unlock begins at 9:30 PM, and market nerves are clearly building. That said, the largest unlock doesn't mean all 910 million tokens will be sold immediately.
However, if even 100â200 million tokens hit the market around current prices, a move toward the 100â105 range wouldn't be surprising.
Fear often attracts bottom buyers, but with multiple unlocks scheduled throughout August and September, supply pressure could continue to weigh on price.
Stay patient, manage risk, and watch how the market absorbs the unlocks.
#SandiskBeatAndBuyback #CircleArcLaunch
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