The market is showing a strong V-shaped recovery as it returns to the top of the range.
I am looking at $QQQ USDT on the 1-hour chart and the trend is turning bullish again. My trade plan is to look for a long entry because the price just swept the lows and bounced back with high volume. I noticed that the previous resistance near $650.00 is being tested, and a clean break above this will confirm more upside.
I see a lot of liquidity sitting above the recent double top, and I expect the price to push through to reach new highs. The buyers are clearly back in control after the successful trap below $644.00. I am keeping my stop loss just below the recent swing to keep the risk low.
Trade Plan:
Entry: $650.50
Stop Loss: $647.50
Take Profit 1: $653.50
Take Profit 2: $656.50
QQQUSDT
دائم
655.8
+1.40%