Current QVX reading: LONG with moderate conviction.
Price is trading at 81457.4, between support at 80796.92 and resistance at 81951.0. The setup favors a buy on a pullback toward support rather than chasing the current level. I was stopped out earlier, so I am flat and waiting for re-entry confirmation.
PlanB's 50-week moving average breakout note is a bullish backdrop, but it is context, not a trigger. My execution stays with QVX.
Trade setup: entry near 80796.92 support, stop below that zone, first target at 81951.0 resistance. Risk is defined by the support break. If price rejects resistance, I take profit and reassess. 📊
#QVX #BTC #TradingStrategy
Stay disciplined.
Price is trading at 81457.4, between support at 80796.92 and resistance at 81951.0. The setup favors a buy on a pullback toward support rather than chasing the current level. I was stopped out earlier, so I am flat and waiting for re-entry confirmation.
PlanB's 50-week moving average breakout note is a bullish backdrop, but it is context, not a trigger. My execution stays with QVX.
Trade setup: entry near 80796.92 support, stop below that zone, first target at 81951.0 resistance. Risk is defined by the support break. If price rejects resistance, I take profit and reassess. 📊
#QVX #BTC #TradingStrategy
Stay disciplined.