$Q Q is waking up after getting washed out and I am watching this bounce closely
Live Binance: $Q $0.02895 +13.57% | H $0.03166 L $0.02493 | Vol 2.10B Q $60.61M | Funding -0.06314% shorts pay longs | Longs 48.15% Shorts 51.85%
This is Quack AI bouncing hard today +13.5% but still down -47.15% on the week. Daily chart shows that huge wick to $0.236013 back on Oct 12 then full retrace down to $0.02493 low. So this is not a new impulse yet, it is a relief bounce after 7 days of selling.
What I like right now is volume is back. 2.10 billion Q traded worth $60.61M and orderbook is active. Funding is -0.06314% meaning shorts are paying longs for 4h, so crowded shorts are getting squeezed a bit. Longs are only 48.15% vs shorts 51.85% on Binance, slight short lean which helps for a squeeze if momentum holds.
Support for me is $0.02493 daily low, if that holds we can build base. Resistance is $0.03166 24h high. Above that $0.064000 from Oct 30 high is the bigger level that was rejected hard. Today -4.43% on daily candle but 30 days still +34.24% and 180 days +175% so longer trend not dead.
My plan is simple, I am not chasing green candle in middle. If $0.02493 holds with 1h close above $0.02902 I will look long toward $0.03166 then $0.032. Stop below $0.02493. If $0.03166 rejects with weak volume I will step aside, short only on break and close below $0.02890 toward $0.02493 again. Risk 1 to 2% only, this coin is volatile.
Are you seeing this as start of reversal or just dead cat bounce before another leg down?
Tap $Q to trade this squeeze
#ByXIMPACT #Crypto #BinanceSquare #X #FutureTarding
@cryptoJobs3 @shuja246 @BlockchainBaller @Binance BiBi @Binance News @Binance Square Official
Live Binance: $Q $0.02895 +13.57% | H $0.03166 L $0.02493 | Vol 2.10B Q $60.61M | Funding -0.06314% shorts pay longs | Longs 48.15% Shorts 51.85%
This is Quack AI bouncing hard today +13.5% but still down -47.15% on the week. Daily chart shows that huge wick to $0.236013 back on Oct 12 then full retrace down to $0.02493 low. So this is not a new impulse yet, it is a relief bounce after 7 days of selling.
What I like right now is volume is back. 2.10 billion Q traded worth $60.61M and orderbook is active. Funding is -0.06314% meaning shorts are paying longs for 4h, so crowded shorts are getting squeezed a bit. Longs are only 48.15% vs shorts 51.85% on Binance, slight short lean which helps for a squeeze if momentum holds.
Support for me is $0.02493 daily low, if that holds we can build base. Resistance is $0.03166 24h high. Above that $0.064000 from Oct 30 high is the bigger level that was rejected hard. Today -4.43% on daily candle but 30 days still +34.24% and 180 days +175% so longer trend not dead.
My plan is simple, I am not chasing green candle in middle. If $0.02493 holds with 1h close above $0.02902 I will look long toward $0.03166 then $0.032. Stop below $0.02493. If $0.03166 rejects with weak volume I will step aside, short only on break and close below $0.02890 toward $0.02493 again. Risk 1 to 2% only, this coin is volatile.
Are you seeing this as start of reversal or just dead cat bounce before another leg down?
Tap $Q to trade this squeeze
#ByXIMPACT #Crypto #BinanceSquare #X #FutureTarding
@cryptoJobs3 @shuja246 @BlockchainBaller @Binance BiBi @Binance News @Binance Square Official
