$Q Pushing into the Resistance Zone, Short with Discipline
Short Q Trading Plan (20x)
Entry: 0.0210 – 0.0228
SL: 0.0245
TP1: 0.0200
TP2: 0.0190
TP3: 0.0178
Q is pushing up to the 0.0210 – 0.0228 zone after a pullback from below. But don't get your hopes up, this zone is showing clear signs of resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still favors sellers.
The stop loss is placed at 0.0245, a fairly clean level, above the resistance zone. If it gets swept, no regrets. If the price is rejected here, the targets of 0.0200 → 0.0190 → 0.0178 are entirely feasible.
The distance from entry to stop loss is quite wide (~7.4-16.7%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.
Do you think this area is stable? Or is there still an upward wave? Comment to discuss!