How we traded SPCX using Atlas levels

Dear Traders,

I want to show you the real-time levels we saw on Market Atlas on Tuesday. Right after the market opened, we saw an A+ scalping setup on SPCX with straightforward liquidity levels to target. Many of us in the BBT chatroom traded the same move with the help of Atlas. Here’s the overview of our SPCX trade:

The Opening Trade: A Huge Ask at $174

Right after market open, when SPCX was still below $172.50, we saw an obvious huge ask at $174. This means price was very likely heading toward that liquidity magnet because that was where most orders were waiting to get filled. That’s why I was very confident that my trade would have at least $1 upside range for my first profit target. I started adding size when the 1-minute candle was holding above VWAP, going for the opening range breakout setup.

Holding Into the Next Target at $175

One minute later, we saw the next huge level at $175, giving us the conviction to hold our winning trade into the next target. If you want to learn how I repeat this process every morning, watch this detailed tutorial.

A good trading tool like Market Atlas improves my edge as a scalper. You can see my screens in the Bear Bull Traders live trading chatroom every morning. We explain our thought process and what signals we see in real time.

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Feel free to reach out,
Andrew