Post spike distribution with clear lower highs forming

$QKC Short

Trade Plan

Entry $0.00362 to $0.00370

Stop Loss $0.00388

TP1 $0.00350

TP2 $0.00335

TP3 $0.00320

Why this setup

After the vertical impulse toward $0.00450 price failed to hold gains and has printed consecutive lower highs on the 1H chart. Momentum is fading and structure shows steady sell pressure toward the $0.00360 support zone.

As long as price stays below $0.00388 the bias remains bearish with liquidity resting near $0.00350 and deeper support around $0.00335.

A strong reclaim above $0.00388 shifts structure back bullish and opens room for another squeeze.

Buy and Trade $QKC

QKC

0.003652

-12.84%