$Q $Q BACK AT THE SHORT ENTRY ... MAJOR CORRECTION RISK
Q has returned near our short-entry area around 0.050, and I still see this zone as dangerous after such an extended bullish rally.
The move is starting to look similar to what we saw with BTW: strong vertical expansion first, then a sharp correction once momentum starts fading.
Short Bias: 0.049–0.051
Next Price: 0.045
TP1: 0.042
TP2: 0.038
Final Target: 0.035
Invalidation: clean breakout and hold above 0.053–0.054
Before I start looking seriously at 0.060, I want to see whether Q can survive this resistance area first. If buyers fail here, a deeper reset toward 0.035 is very possible.
Don’t chase the top. The correction risk is still high.
$Q
Q has returned near our short-entry area around 0.050, and I still see this zone as dangerous after such an extended bullish rally.
The move is starting to look similar to what we saw with BTW: strong vertical expansion first, then a sharp correction once momentum starts fading.
Short Bias: 0.049–0.051
Next Price: 0.045
TP1: 0.042
TP2: 0.038
Final Target: 0.035
Invalidation: clean breakout and hold above 0.053–0.054
Before I start looking seriously at 0.060, I want to see whether Q can survive this resistance area first. If buyers fail here, a deeper reset toward 0.035 is very possible.
Don’t chase the top. The correction risk is still high.
$Q