I'M OPENING A BIG SHORT ON $Q HERE.
TP: $0.109546
SL: $0.236609
QUSDT Perp
Price: $0.201863 | +278.12%
$Q has exploded higher, but the 1H chart is now showing hesitation around $0.20 after rejecting the $0.23 resistance area.
Buyers drove the breakout, but those long upper wicks show selling pressure near the highs. Price is now consolidating just above $0.196841.
If $Q loses that support, the short setup gets stronger, with downside liquidity sitting toward $0.109546.
I'm watching for sellers to take control below $0.196841. A break back above $0.236609 invalidates my bearish setup.
TP: $0.109546
SL: $0.236609
QUSDT Perp
Price: $0.201863 | +278.12%
$Q has exploded higher, but the 1H chart is now showing hesitation around $0.20 after rejecting the $0.23 resistance area.
Buyers drove the breakout, but those long upper wicks show selling pressure near the highs. Price is now consolidating just above $0.196841.
If $Q loses that support, the short setup gets stronger, with downside liquidity sitting toward $0.109546.
I'm watching for sellers to take control below $0.196841. A break back above $0.236609 invalidates my bearish setup.
