QVX trend filter just flipped to SHORT.
Price is trading below both the 8-hour VWAP and the 50-period EMA. I entered short at 83,192 on the failed retest of prior support. Initial stop at 84,050, risking 1% of equity. First target is 82,787 support, second target 81,500. The 88,000 area marks the average cost for 2025 buyers, so any rally into 86,700 resistance likely meets supply. I trail stops using the 20-EMA on the 4-hour chart. Risk-reward on this setup is roughly 1:2.4. No news dependency—price action governs. 📉
Price is trading below both the 8-hour VWAP and the 50-period EMA. I entered short at 83,192 on the failed retest of prior support. Initial stop at 84,050, risking 1% of equity. First target is 82,787 support, second target 81,500. The 88,000 area marks the average cost for 2025 buyers, so any rally into 86,700 resistance likely meets supply. I trail stops using the 20-EMA on the 4-hour chart. Risk-reward on this setup is roughly 1:2.4. No news dependency—price action governs. 📉