📢
$QQQB / $USDT | 🔴 SHORT | ⭐ 70.5%
🎯 Goal: $713.05. Is it still falling?
🎯 Trading levels:
🟢 Entry: $716.86
🛑 Stop Loss: $719.15
🏁 TP1: $713.05
🏁 TP2: $712.29
🏁 TP3: $710.76
📉 Analysis:
Asset
$QQQB shows a bearish, consolidated structure with a perfect multi-timeframe alignment on 4h, 1h, and 15m. The ADX at 62.5 confirms a bearish trend with strong directional strength, while the RSI at 30.16 (a relative strength indicator showing oversold conditions), along with the observed seller absorption, suggests the price is looking to test the lower liquidity. The confirmation of the Head-and-Shoulders pattern (a bearish reversal figure) validates selling pressure below the POC (Point of Control) at $732.97, while keeping the 20 and 50 EMAs set to continue the drop.
⚖️ Risk/Reward: 1:1.66
⏱️ Timeframe: 1h
📐 Technical Confidence: 5/5
The thesis is invalidated by a close above our Stop Loss at $719.15, which would break the local bearish structure. We will monitor volume behavior when price touches the entry level, looking for continuation of bearish momentum toward the marked targets.
Do you think the current volume is enough to break the immediate support, or do you expect a deeper retracement?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #QQQB #trading #Futures #Bearish