Current QVX reading: SHORT with moderate conviction.
Price is trading at 77288.76, positioned in the lower half of the 76046.58–79890.0 range. The setup favors selling into strength rather than chasing lows. Preferred entry is a rally into resistance near 79890.0, which would offer a defined invalidation level above the range high. First downside target is support at 76046.58. Stop placement should sit above 79890.0 to keep risk contained. Position sizing stays moderate given the wide range. The Binance reserve headline is noted but not a driver here; QVX bias was already short before it printed. Already holding profit from yesterday, so there is no need to force size. 📊
Price is trading at 77288.76, positioned in the lower half of the 76046.58–79890.0 range. The setup favors selling into strength rather than chasing lows. Preferred entry is a rally into resistance near 79890.0, which would offer a defined invalidation level above the range high. First downside target is support at 76046.58. Stop placement should sit above 79890.0 to keep risk contained. Position sizing stays moderate given the wide range. The Binance reserve headline is noted but not a driver here; QVX bias was already short before it printed. Already holding profit from yesterday, so there is no need to force size. 📊