There is still a clean bullish rhythm developing on $SQQQ, and the 1H structure hasn't given a convincing reason to fade it yet.
Entry: 39.87
SL: 39.273502
TP1: 40.466498
TP2: 40.943696
Momentum is supported by EMA200, MACD and Supertrend, while RSI at 64 shows buyers are already pressing rather than sitting idle. ADX at 35.1 also points to a trend with decent strength behind it.
The room below 39.27 is where the bullish thesis gets damaged, so exposure should be sized with that level in mind. Avoid turning a short-term continuation idea into an oversized position.
Entry: 39.87
SL: 39.273502
TP1: 40.466498
TP2: 40.943696
Momentum is supported by EMA200, MACD and Supertrend, while RSI at 64 shows buyers are already pressing rather than sitting idle. ADX at 35.1 also points to a trend with decent strength behind it.
The room below 39.27 is where the bullish thesis gets damaged, so exposure should be sized with that level in mind. Avoid turning a short-term continuation idea into an oversized position.
