I’m going to open a BIG SHORT on $Qhere.
TP: $0.0512
SL: $0.0555
Now the question is: why short after such a strong breakout?
Because that breakout already did the job of pulling late buyers in.
Price pushed higher, everyone started reading it as bullish continuation, but now the move is struggling to extend properly.
From here, I think it may only take a few candles — maybe even one strong red candle — to start the real unwind.
There’s still a lot of liquidity sitting lower from those late buyers, and that’s the area I’m targeting.
So for me, the setup is still simple on $Q:
Late buyers entered high.
Momentum is fading.
Liquidity is below.
Now I’m waiting for the market to start clearing them out.
TP: $0.0512
SL: $0.0555
Now the question is: why short after such a strong breakout?
Because that breakout already did the job of pulling late buyers in.
Price pushed higher, everyone started reading it as bullish continuation, but now the move is struggling to extend properly.
From here, I think it may only take a few candles — maybe even one strong red candle — to start the real unwind.
There’s still a lot of liquidity sitting lower from those late buyers, and that’s the area I’m targeting.
So for me, the setup is still simple on $Q:
Late buyers entered high.
Momentum is fading.
Liquidity is below.
Now I’m waiting for the market to start clearing them out.