According to QVX momentum, we're LONG.
Price is holding above the 62,716 support level, with resistance at 63,500. The system suggests a buy on a pullback toward support, not a chase at current levels. I was stopped out earlier and am now waiting for a re-entry near 62,800–63,000 to re-establish a long position with a tighter stop.
Gold breaking above $4,400 adds a macro bid to risk assets, but I’m not trading the news—QVX remains the primary filter. Target remains a retest of 63,500, then 64,200. Risk: stop below 62,500, keeping the R:R above 2:1. Patience for the fill. 📊
#QVX #BTC #TradingStrategy
Price is holding above the 62,716 support level, with resistance at 63,500. The system suggests a buy on a pullback toward support, not a chase at current levels. I was stopped out earlier and am now waiting for a re-entry near 62,800–63,000 to re-establish a long position with a tighter stop.
Gold breaking above $4,400 adds a macro bid to risk assets, but I’m not trading the news—QVX remains the primary filter. Target remains a retest of 63,500, then 64,200. Risk: stop below 62,500, keeping the R:R above 2:1. Patience for the fill. 📊
#QVX #BTC #TradingStrategy