Current QVX reading: SHORT with moderate conviction.
Entry rationale: sell rallies into 85940.32 resistance. Invalidation above that level. First target 82874.93 support, roughly 1.6% below spot at 84258.43. Risk defined at 2% of equity per position.
Tom Lee's ETH commentary is constructive, but it does not alter the QVX reading. Price structure and momentum remain negative on the current timeframe. One signal, one decision.
I am flat, waiting for price to reach the resistance zone before committing. No chase, no anticipation. If resistance holds and QVX stays SHORT, I execute the setup with a 2.4:1 reward-to-risk profile. If price closes above 85940.32, the signal is void and I stand down. đ
#QVX #BTC #TradingStrategy
Entry rationale: sell rallies into 85940.32 resistance. Invalidation above that level. First target 82874.93 support, roughly 1.6% below spot at 84258.43. Risk defined at 2% of equity per position.
Tom Lee's ETH commentary is constructive, but it does not alter the QVX reading. Price structure and momentum remain negative on the current timeframe. One signal, one decision.
I am flat, waiting for price to reach the resistance zone before committing. No chase, no anticipation. If resistance holds and QVX stays SHORT, I execute the setup with a 2.4:1 reward-to-risk profile. If price closes above 85940.32, the signal is void and I stand down. đ
#QVX #BTC #TradingStrategy