Buyers are leaning on $QQQ pretty hard right now. The 1H trend is still clean, price is above EMA200, MACD hasn’t rolled over, and Supertrend remains bullish. RSI at 67 is getting hot, while ADX at 27.8 shows the move still has decent force behind it.
Entry: 717.22
SL: 713.83
TP1: 720.60
TP2: 723.31
The danger is chasing after the move has already stretched. If TP1 gets hit, taking some size off keeps the trade from turning into an all-or-nothing bet. The rest can run toward TP2, but if buyers suddenly lose their grip, I’d rather cut exposure than sit there hoping.
Entry: 717.22
SL: 713.83
TP1: 720.60
TP2: 723.31
The danger is chasing after the move has already stretched. If TP1 gets hit, taking some size off keeps the trade from turning into an all-or-nothing bet. The rest can run toward TP2, but if buyers suddenly lose their grip, I’d rather cut exposure than sit there hoping.
