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 — 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. 💼
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 — 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. 💼