SPCX: Watching that 107.57 level closely

Been looking at $SPCX on the CFD charts today. We've seen a pretty decent swing, but that low of 107.57 seems to be attracting some attention, at least from my vantage point. It's not a major historical support, but in the context of today's price action, it's the current line in the sand, isn't it? If it holds, we might see a bit of a bounce, perhaps even testing yesterday's close.

However, if $SPCX decisively breaks below 107.57 and fails to reclaim it quickly, then the whole picture changes for me. That would invalidate the short-term 'floor' I'm observing and suggest we could be in for a further move down, maybe looking at some levels not seen for a few weeks. Always keen to be wrong, of course, just noting what the charts are whispering to me.