Current QVX reading: LONG with moderate conviction.
Entry zone sits at 85178.49 support, where a pullback would offer a defined risk point. Resistance at 86999.11 is the first target. Current price 86410.01 is mid-range, so chasing here is inefficient. I was stopped out earlier and am flat, awaiting re-entry on a retest.
Position size: 1.5% risk per trade. Stop below 84950, roughly 1.2% from entry. Risk-reward to resistance is 1:1.8. If price breaks and closes above 86999.11, I will trail the stop and add on confirmation.
The Coinbase target upgrade is background noise. QVX held a LONG bias before the headline. 📊
#QVX #BTC #TradingStrategy
Entry zone sits at 85178.49 support, where a pullback would offer a defined risk point. Resistance at 86999.11 is the first target. Current price 86410.01 is mid-range, so chasing here is inefficient. I was stopped out earlier and am flat, awaiting re-entry on a retest.
Position size: 1.5% risk per trade. Stop below 84950, roughly 1.2% from entry. Risk-reward to resistance is 1:1.8. If price breaks and closes above 86999.11, I will trail the stop and add on confirmation.
The Coinbase target upgrade is background noise. QVX held a LONG bias before the headline. 📊
#QVX #BTC #TradingStrategy