$Q Breaks Through Resistance 🚨
Short Trading Plan for Q (20x)
Entry: 0.0221 – 0.0234
SL: 0.0260
TP1: 0.0200
TP2: 0.0178
TP3: 0.0145
Q is breaking through the resistance zone after an upward push, but don't rush to believe weak breakouts often end with a reverse sweep. The current movement shows signs of fatigue, and the overall structure still leans towards a continued decline.
The stop loss is placed at 0.0260, a relatively clean level above the resistance zone. If it's swept away, no regrets. However, if the price is rejected here, the targets 0.0200 → 0.0178 → 0.0145 are entirely feasible.
The distance from entry to stop loss is quite wide (~11-17%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.
Has the resistance broken through but is weak? Will there be a sharp downward sweep? Have you entered yet? Comment to discuss! 🚨