🚨 Attention Investors! The Liquidation Trampoline at $Q/USDT! 📉
Look at this chart of $Q/USDT in 30 minutes, folks. The current price at $0.012947 seems to be dancing, but what I see is a clear distribution figure. A Rising Wedge is forming, which is a classic bullish reversal pattern.
This sideways movement with increasingly higher highs and lows, but with less strength (notice the weakness of the volume below), is just gathering liquidity. It's a trap for FOMO Boys to get into Longs just before the price collapses and breaks the lower trendline.
The brutal correction it had before forming the pattern is a sign that sellers are in control. We need it to break the base of this channel to confirm the drop. I don't trust these bounces at all. The selling pressure is ready to crush this. I'm looking for an aggressive short. 🐻
Key Short Data (Q/USDT.P | 30m)
📉 Entry (Short): $0.012650 (Confirmation if it breaks the support of the lower channel).
🎯 TP (Target): $0.011700 (Previous key support zone).
🛑 SL (Stop Loss): $0.013300 (Above the last relevant high within the channel).
$Q

