$TQQQ Only watching it bounce slightly, but you haven’t noticed that the short-term moving average system is forming a powerful suppression. The upward momentum has clearly weakened.
$TQQQ - None
Trading plan:
Entry: 72.00 - 72.25
Stop Loss (SL): 73.80
Target 1 (TP1): 71.10
Target 2 (TP2): 69.50
Target 3 (TP3): 68.00
Why short?
The price rebound is clearly being capped by the dense moving-average suppression zone around MA7 (72.77) and MA25 (72.67). The volume has not been able to expand consistently, which suggests the bulls’ counterattack intent is weak. A near-term resistance level has formed around 73.80. As long as this support line does not regain momentum and stand back with effective volume, this “rejection” pattern is likely to pull back again to the prior low at 71.13—or even deeper—to seek support. In this case, the risk-reward ratio for a short trade remains more favorable.
Click here to trade👇
$TQQQ - None
Trading plan:
Entry: 72.00 - 72.25
Stop Loss (SL): 73.80
Target 1 (TP1): 71.10
Target 2 (TP2): 69.50
Target 3 (TP3): 68.00
Why short?
The price rebound is clearly being capped by the dense moving-average suppression zone around MA7 (72.77) and MA25 (72.67). The volume has not been able to expand consistently, which suggests the bulls’ counterattack intent is weak. A near-term resistance level has formed around 73.80. As long as this support line does not regain momentum and stand back with effective volume, this “rejection” pattern is likely to pull back again to the prior low at 71.13—or even deeper—to seek support. In this case, the risk-reward ratio for a short trade remains more favorable.
Click here to trade👇