📉 QQQ (Nasdaq-100) Perp: Short-Retest Setup on Binance Futures
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📊 Trend: Bearish on 4H. QQQUSDT trades at 695.46, below EMA20 701.6, EMA50 708.1 and EMA200 721.7. The Oct 29-30 selloff broke the 702-706 base and wicked to 685.8.
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🧱 Resistance: 701-704 (old base + daily EMA200 ~701.5), then 708-710
🛡 Support: 685.8, then 676.8 and 669.1 (late-July lows)
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🎯 Plan (SHORT on a retest)
Entry: 701-704
Stop Loss: 709.5
TP1: 685.8
TP2: 676.8
TP3: 669.1
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⚠️ Risk: Weekend range is thin (694-696); a reclaim of 709.5 cancels the idea. US market reopen can gap price. Use small size.
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Not financial advice. DYOR.
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$QQQ $BTC
#TradFi #Nasdaq #BinanceFutures #TradingSetup
⠀
📊 Trend: Bearish on 4H. QQQUSDT trades at 695.46, below EMA20 701.6, EMA50 708.1 and EMA200 721.7. The Oct 29-30 selloff broke the 702-706 base and wicked to 685.8.
⠀
🧱 Resistance: 701-704 (old base + daily EMA200 ~701.5), then 708-710
🛡 Support: 685.8, then 676.8 and 669.1 (late-July lows)
⠀
🎯 Plan (SHORT on a retest)
Entry: 701-704
Stop Loss: 709.5
TP1: 685.8
TP2: 676.8
TP3: 669.1
⠀
⚠️ Risk: Weekend range is thin (694-696); a reclaim of 709.5 cancels the idea. US market reopen can gap price. Use small size.
⠀
Not financial advice. DYOR.
⠀
$QQQ $BTC
#TradFi #Nasdaq #BinanceFutures #TradingSetup
