$Q Undenied Bullish, but extreme overextension
🚨 Notably, during massive vertical spike to 0.132, Open Interest dropped sharply. This is a textbook Short Squeeze. Explosive price action was driven by forced liquidation of short sellers, not by new organic buying pressure
With the "fuel" of short liquidations now exhausted, if there is no new money to sustain these high prices, making a pullback highly likely
$Q Short Setup
· Short Entry: 0.125-0.130 (retest upper wick area)
· Stop Loss: above 0.135
· TP1: 0.100
· TP2: 0.080 (previous consolidation structure)
$Q Long Setup (Dip Buying)
· Wait for the price to cool off and retest major structural support.
· Long Entry: 0.10-0.11
· Stop Loss: below 0.085
· TP1: 0.115 (Recent breakdown level)
· TP2: 0.130 (Retest all-time high)
Support me just Trade here👇#Q #QuackAI
🚨 Notably, during massive vertical spike to 0.132, Open Interest dropped sharply. This is a textbook Short Squeeze. Explosive price action was driven by forced liquidation of short sellers, not by new organic buying pressure
With the "fuel" of short liquidations now exhausted, if there is no new money to sustain these high prices, making a pullback highly likely
$Q Short Setup
· Short Entry: 0.125-0.130 (retest upper wick area)
· Stop Loss: above 0.135
· TP1: 0.100
· TP2: 0.080 (previous consolidation structure)
$Q Long Setup (Dip Buying)
· Wait for the price to cool off and retest major structural support.
· Long Entry: 0.10-0.11
· Stop Loss: below 0.085
· TP1: 0.115 (Recent breakdown level)
· TP2: 0.130 (Retest all-time high)
Support me just Trade here👇#Q #QuackAI