đ My setup$Q for today
Current: ~$126.50
Key support: $122.5â$124
First resistance: $129.5â$130
Major resistance: $133.5â$135
Next resistance: $140+
đą Preferred LONG
I would not chase $126.50 immediately.
Entry: $123.50â$125.00
Stop-loss: $121.70
TP1: $129.50
TP2: $133.50
TP3: $138â$140
This is the setup I'd prefer because the recent low around $122.47 provides a clear invalidation zone.
đ Breakout LONG
If $Q breaks $130 and holds above it with strong volume:
Entry: $130â$131
SL: $126.80
TP1: $134
TP2: $138
TP3: $142
A move above $134 would be particularly interesting because the stock has repeatedly traded around the $133â$136 region recently.
đŽ Bearish scenario
If $122.40 breaks decisively, I would avoid the long setup.
Possible downside levels:
$120.80 â $119.20 â $115
Barchart's current technical levels also place support around $123.54, $120.83 and $119.20, which broadly agrees with this zone.
đŻ My choice
Best risk/reward: đą $123.50â$125 entry â $121.70 SL â $129.50 / $133.50 / $138 TP
At $126.50: I'd wait rather than chase.
One positive fundamental point is that Qnity has exposure to semiconductor materials and AI/data-center demand, and management recently highlighted stronger-than-expected AI-driven materials demand. However, the stock has already pulled back significantly from its $146.67 August high, so I'd want price confirmation rather than assuming an immediate reversal.
â ïž These are technical scenarios, not guaranteed prices. For a stock like Q, I'd avoid leverage and keep the position size small enough that the $121.70 stop is an acceptable loss.
#XRPLeadsCryptoPullbackDropsNearly7% #SECSendsCryptoCustodyRuleToWhiteHouse
Current: ~$126.50
Key support: $122.5â$124
First resistance: $129.5â$130
Major resistance: $133.5â$135
Next resistance: $140+
đą Preferred LONG
I would not chase $126.50 immediately.
Entry: $123.50â$125.00
Stop-loss: $121.70
TP1: $129.50
TP2: $133.50
TP3: $138â$140
This is the setup I'd prefer because the recent low around $122.47 provides a clear invalidation zone.
đ Breakout LONG
If $Q breaks $130 and holds above it with strong volume:
Entry: $130â$131
SL: $126.80
TP1: $134
TP2: $138
TP3: $142
A move above $134 would be particularly interesting because the stock has repeatedly traded around the $133â$136 region recently.
đŽ Bearish scenario
If $122.40 breaks decisively, I would avoid the long setup.
Possible downside levels:
$120.80 â $119.20 â $115
Barchart's current technical levels also place support around $123.54, $120.83 and $119.20, which broadly agrees with this zone.
đŻ My choice
Best risk/reward: đą $123.50â$125 entry â $121.70 SL â $129.50 / $133.50 / $138 TP
At $126.50: I'd wait rather than chase.
One positive fundamental point is that Qnity has exposure to semiconductor materials and AI/data-center demand, and management recently highlighted stronger-than-expected AI-driven materials demand. However, the stock has already pulled back significantly from its $146.67 August high, so I'd want price confirmation rather than assuming an immediate reversal.
â ïž These are technical scenarios, not guaranteed prices. For a stock like Q, I'd avoid leverage and keep the position size small enough that the $121.70 stop is an acceptable loss.
#XRPLeadsCryptoPullbackDropsNearly7% #SECSendsCryptoCustodyRuleToWhiteHouse
