๐ $SQQQ
| Strong recovery from the lows... Is it approaching $39?
$SQQQ is showing a notable recovery after bouncing from the support area at $31.45, as bullish momentum returns and buyers try to push the price higher.
๐ Key technical levels:
๐ฏ Next target: $39.00
๐ด Key resistance: $38.90โ$39.50
๐ข First support: $34.50โ$35.00
๐ก๏ธ Strong support zone: $31.45โ$32.00
๐ Bullish scenario: If SQQQ holds above $34.50, the recovery could continue toward the resistance zone at $38.90โ$39.50.
A breakout above $39.50 and a sustained move above it could open the way to target $41โ$43.
โ ๏ธ Confirmation level matters: Failure to hold the $34.50 support could weaken bullish momentum and increase the likelihood of a return to lower support levels.
๐ก Risk management comes first: These are potential technical levels, not guaranteed targets. Remember that SQQQ is a daily leveraged inverse ETF tied to the Nasdaq 100 and may involve significant risks, especially when held for extended periods.
| Strong recovery from the lows... Is it approaching $39?
$SQQQ is showing a notable recovery after bouncing from the support area at $31.45, as bullish momentum returns and buyers try to push the price higher.
๐ Key technical levels:
๐ฏ Next target: $39.00
๐ด Key resistance: $38.90โ$39.50
๐ข First support: $34.50โ$35.00
๐ก๏ธ Strong support zone: $31.45โ$32.00
๐ Bullish scenario: If SQQQ holds above $34.50, the recovery could continue toward the resistance zone at $38.90โ$39.50.
A breakout above $39.50 and a sustained move above it could open the way to target $41โ$43.
โ ๏ธ Confirmation level matters: Failure to hold the $34.50 support could weaken bullish momentum and increase the likelihood of a return to lower support levels.
๐ก Risk management comes first: These are potential technical levels, not guaranteed targets. Remember that SQQQ is a daily leveraged inverse ETF tied to the Nasdaq 100 and may involve significant risks, especially when held for extended periods.