According to QVX momentum, we're SHORT.
Primary setup: sell rallies into 77,800–78,150 resistance, where prior supply capped price. First target 76,388.88 support; a daily close below opens 75,600. Stop-loss at 78,400 on a closing basis to cap risk near 1.2R. Position size reduced to 0.5x given elevated volatility from the exchange outflow headline; QVX trend filters stay short despite mixed sentiment. We were stopped out earlier at 77,950 and remain flat, waiting for a retest to re-enter. Invalidation: acceptance above 78,150 with rising volume. Watch funding and spot outflows for confirmation. 📉
Primary setup: sell rallies into 77,800–78,150 resistance, where prior supply capped price. First target 76,388.88 support; a daily close below opens 75,600. Stop-loss at 78,400 on a closing basis to cap risk near 1.2R. Position size reduced to 0.5x given elevated volatility from the exchange outflow headline; QVX trend filters stay short despite mixed sentiment. We were stopped out earlier at 77,950 and remain flat, waiting for a retest to re-enter. Invalidation: acceptance above 78,150 with rising volume. Watch funding and spot outflows for confirmation. 📉