$SQQQB : Rally Losing Steam โ Pullback Watch!
$SQQQB has surged from around $32.50 to $40.00, but the latest candles show rejection near $40.40. Short-term selling pressure is appearing after the strong rally, making a pullback possible.
Key levels to watch
Resistance: $40.40โ$40.50
Support 1: $39.50
Support 2: $39.00
Support 3: $38.00
A break below $39.50 could open the way toward lower supports. However, if price reclaims $40.40, the bullish move may continue.
#SQQQB is a leveraged inverse QQQ product, so its movement can be volatile and may not track QQQ in a simple one-to-one way.
Will
#SQQQB lose $39.50 support, or do buyers have enough strength for another push higher?