๐ข $QQQ / $USDT | ๐ด SHORT | โญ 72.8%
๐ฏ Goal: $702.38. Is it still falling?
๐ฏ Trading Levels:
๐ข Entry: $707.15
๐ Stop Loss: $710.01
๐ TP1: $702.38
๐ TP2: $701.42
๐ TP3: $699.51
๐ Analysis:
The asset $QQQ shows a bearish alignment across all timeframes (MTF), supported by an ADX of 40.55 that confirms a strong trend in development. The bearish MACD crossover (momentum indicator), along with the price trading below the 20 and 50 EMAs, confirms seller control, while declining volume reinforces the lack of buying interest near the POC at $717.89.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1H
๐ Technical Confidence: 4/5
The setup is invalidated if the price breaks above the stop loss level, invalidating the confirmed triple-top pattern. The bearish thesis remains as long as the price stays below the EMA20 and the OBV continues to show a declining trend.
Do you think the support at $703.58 will be enough to stop this bearish impulse?
๐ก This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #QQQ #trading #Futures #Bearish
๐ฏ Goal: $702.38. Is it still falling?
๐ฏ Trading Levels:
๐ข Entry: $707.15
๐ Stop Loss: $710.01
๐ TP1: $702.38
๐ TP2: $701.42
๐ TP3: $699.51
๐ Analysis:
The asset $QQQ shows a bearish alignment across all timeframes (MTF), supported by an ADX of 40.55 that confirms a strong trend in development. The bearish MACD crossover (momentum indicator), along with the price trading below the 20 and 50 EMAs, confirms seller control, while declining volume reinforces the lack of buying interest near the POC at $717.89.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1H
๐ Technical Confidence: 4/5
The setup is invalidated if the price breaks above the stop loss level, invalidating the confirmed triple-top pattern. The bearish thesis remains as long as the price stays below the EMA20 and the OBV continues to show a declining trend.
Do you think the support at $703.58 will be enough to stop this bearish impulse?
๐ก This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #QQQ #trading #Futures #Bearish
