$TQQQB : Resistance Test Fails: Bearish Momentum Building Fast
SHORT SETUP TQQQB
Entry: $68.3000 - $68.3900
Stop Loss: $70.7800
Take Profit: $63.4750 (2R)
Key Levels: Support $67.5800 | Resistance $72.1800
Technical Analysis for $TQQQB : MACD sits deep in negative territory with the histogram expanding, and price is under the EMA9, EMA21, EMA50 and EMA200, confirming a strong downtrend. ADX above 30 (37.4) shows the trend is robust. RSI and Stochastic are in oversold zones, but the bearish structure and orderbook imbalance keep pressure to the downside.
Market Context: Bitcoin remains bearish on the 4hour and 1day charts, and overall market breadth is broadly negative, with 82.6% of assets in red.
SHORT $TQQQB
SHORT SETUP TQQQB
Entry: $68.3000 - $68.3900
Stop Loss: $70.7800
Take Profit: $63.4750 (2R)
Key Levels: Support $67.5800 | Resistance $72.1800
Technical Analysis for $TQQQB : MACD sits deep in negative territory with the histogram expanding, and price is under the EMA9, EMA21, EMA50 and EMA200, confirming a strong downtrend. ADX above 30 (37.4) shows the trend is robust. RSI and Stochastic are in oversold zones, but the bearish structure and orderbook imbalance keep pressure to the downside.
Market Context: Bitcoin remains bearish on the 4hour and 1day charts, and overall market breadth is broadly negative, with 82.6% of assets in red.
SHORT $TQQQB