Current QVX reading: LONG with moderate conviction.
BTC at 72,688.8, testing the 72,966 resistance. QVX suggests buying on a pullback toward support at 68,390, not at current levels. I’ve entered a partial position here, with a stop below 67,800 to limit downside risk.
Target: 74,200, then 76,000 if momentum holds. The Coinbase CEO’s long-term projection adds background confidence, but it doesn’t alter the immediate technical setup. Resistance at 72,966 is the key trigger—a clean break confirms the move; rejection means patience.
Risk management: position size at 1.5% equity, add only if price retests support without breaking it. 📊
#QVX #BTC #TradingStrategy
BTC at 72,688.8, testing the 72,966 resistance. QVX suggests buying on a pullback toward support at 68,390, not at current levels. I’ve entered a partial position here, with a stop below 67,800 to limit downside risk.
Target: 74,200, then 76,000 if momentum holds. The Coinbase CEO’s long-term projection adds background confidence, but it doesn’t alter the immediate technical setup. Resistance at 72,966 is the key trigger—a clean break confirms the move; rejection means patience.
Risk management: position size at 1.5% equity, add only if price retests support without breaking it. 📊
#QVX #BTC #TradingStrategy