$QQQ has heavy bid depth sitting near $655, and price keeps avoiding it.
Taker flow is 0.04x on the recent Binance buckets, so market sellers are hitting bids. The floor is doing all the work, and I am not paying up in the middle. Open interest is -0.05% in the last hour and -0.38% over four, so nobody new is committing real size. Liquidity pools and stops are building below the recent low, which is exactly why I am not chasing this candle. Price is at the bottom of the 24h range with 0.04% average travel - compression this tight usually resolves violently.
So does that wall hold into the close, or does it get pulled the second real volume shows up?
📌 $QQQ · #Nasdaq100 #Macro #BinanceSquare #DataDriven
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
Taker flow is 0.04x on the recent Binance buckets, so market sellers are hitting bids. The floor is doing all the work, and I am not paying up in the middle. Open interest is -0.05% in the last hour and -0.38% over four, so nobody new is committing real size. Liquidity pools and stops are building below the recent low, which is exactly why I am not chasing this candle. Price is at the bottom of the 24h range with 0.04% average travel - compression this tight usually resolves violently.
So does that wall hold into the close, or does it get pulled the second real volume shows up?
📌 $QQQ · #Nasdaq100 #Macro #BinanceSquare #DataDriven
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
