$QQQB What's next for
$QQQB ? | 12h Timeframe Chart Analysis
- Since the majority of technicals are neutral and the trend is weak, I expect the price to continue ranging until a clear manipulation or breakout occurs 🚦
- I would NOT enter a trade right now. Instead, I would monitor for a liquidity sweep at a newly defined high or low and only act once clear reversal signs appear (like a pin bar, strong engulfing, or a significant volume spike on lower timeframes) 🔄
- If price makes a sharp move below a new swing low and then closes back above with strong reversal confirmation, I would consider a long with the first target at the next established high, and the stop-loss below the new swing low
- If price sweeps above a new swing high and gets quickly rejected, forming a strong bearish candle, I would look for a short setup with the first target at the next support, and the stop-loss above the new swing high
- My bias will only shift to bullish continuation if price breaks out with strong momentum and closes above the new swing high on convincing volume, or to bearish continuation if we break down and close below a new swing low with momentum
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