I'm opening a BIG SHORT on $Q here.
TP: $0.148636
SL: $0.236609
Current Price: $0.200934
$Q has made a massive push higher, but price is now struggling to extend above the $0.20 zone after a sharp rejection from the recent highs.
The 1H structure is still bullish, but those long upper wicks show sellers are reacting aggressively. I'm watching $0.196841 closely.
If that level breaks and sellers take control, the downside could open toward $0.148636.
As long as buyers fail to reclaim the recent highs, I'm watching for a deeper pullback rather than chasing this rally.
TP: $0.148636
SL: $0.236609
Current Price: $0.200934
$Q has made a massive push higher, but price is now struggling to extend above the $0.20 zone after a sharp rejection from the recent highs.
The 1H structure is still bullish, but those long upper wicks show sellers are reacting aggressively. I'm watching $0.196841 closely.
If that level breaks and sellers take control, the downside could open toward $0.148636.
As long as buyers fail to reclaim the recent highs, I'm watching for a deeper pullback rather than chasing this rally.
