QVX order flow imbalance suggests SHORT.
Dealer gamma flips negative below 83.5k, so rallies into 84,563.99 get sold. That resistance aligns with the prior breakdown shelf and heavy offer liquidity. I want re-entry on a failed retest there, targeting 82,775.94 first, then 81,800 on continuation. Invalidation is a clean reclaim above 84,563.99 on rising spot volume; if that hits, I stand down.
Position sizing stays at half normal â I was stopped earlier, so I am rebuilding risk, not forcing it. Funding is mildly positive and perp basis is flat, which means no crowded short yet. That is fine. I trade the tape, not the narrative. đŒ
Dealer gamma flips negative below 83.5k, so rallies into 84,563.99 get sold. That resistance aligns with the prior breakdown shelf and heavy offer liquidity. I want re-entry on a failed retest there, targeting 82,775.94 first, then 81,800 on continuation. Invalidation is a clean reclaim above 84,563.99 on rising spot volume; if that hits, I stand down.
Position sizing stays at half normal â I was stopped earlier, so I am rebuilding risk, not forcing it. Funding is mildly positive and perp basis is flat, which means no crowded short yet. That is fine. I trade the tape, not the narrative. đŒ