The recent pullback in $Q is a healthy correction after a strong bullish move. Corrections like this allow the market to digest gains, clear weaker positions, and set up for a cleaner continuation. I’m watching this zone closely, as it could confirm a short if sellers maintain control.
Trade Setup:
Entry Zone: $0.01505 – $0.01518
Target 1: $0.01480
Target 2: $0.01455
Stop Loss: $0.01535
This zone is strong because it aligns with previous support from late November and coincides with the 0.5 Fibonacci retracement of the recent bullish swing. They’re building strength here, and if this level holds, price could continue downward toward the targets. Price action shows repeated rejection at this zone, confirming it as a key reaction area.
I’ll be monitoring for bearish candlestick patterns and increasing selling volume to validate continuation of the short trend.
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QUSDT
Prep
0.012897
-1.90%