MY $QI Spot PLAN: WAITING FOR THE GEYSER TO SETTLE
We never chase a vertical eruption. The disciplined, professional play is to let the initial hype and volatility cool down and to enter on the first constructive and healthy pullback.
my Entry: I am waiting for the geyser to settle and form a new pool of support. My ideal entry zone for $QI is on a pullback to the $0.0090 - $0.0095 area. This represents a healthy 50% retracement of the explosive candle.
my Stop Loss: Placed decisively below the "Geyser Mouth" breakout point, at $0.0079. A drop back to this level would indicate the eruption was a potential fakeout.
my $QI Targets (The Next Eruption):
🎯 Target 1: $0.01195 (A retest of the high)
🎯 Target 2: $0.01500
🎯 Target 3: $0.01800
This is a high-conviction trend reversal trade. By patiently waiting for a strategic pullback, we secure a much better risk-to-reward entry for the next major leg up. This is how we trade the new uptrend on #QI