$TQQQ has been unable to shake the bearish 1H structure, and the recent action still leaves sellers with the cleaner directional edge.
Entry: 69.34
SL: 70.488968
TP1: 68.191032
TP2: 67.271858
EMA200 and MACD remain bearish, while RSI at 35 shows momentum is already leaning toward the downside. ADX at 32.8 supports the idea of a developing directional move rather than random sideways noise. Supertrend is the opposing factor, so this isn't a setup to approach blindly.
A sustained move beyond 70.49 would put the bearish thesis under pressure. Keep leverage conservative and let the predefined risk do the heavy lifting rather than adding size into volatility.
Entry: 69.34
SL: 70.488968
TP1: 68.191032
TP2: 67.271858
EMA200 and MACD remain bearish, while RSI at 35 shows momentum is already leaning toward the downside. ADX at 32.8 supports the idea of a developing directional move rather than random sideways noise. Supertrend is the opposing factor, so this isn't a setup to approach blindly.
A sustained move beyond 70.49 would put the bearish thesis under pressure. Keep leverage conservative and let the predefined risk do the heavy lifting rather than adding size into volatility.
