Long

TQQQ: Looking like a no-brainer buy, or is that the trap?

Updated

Chart should show well enough what I'm conveying here. Either it rebounds from here, along with crypto and all the other indeces across markets, or we see lower lows, that reaches back into the March 2020 fear levels.

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indices* I was in a rush, oops

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It's definitely now into the horizontal channel (March 2020 levels); we'll see where it goes from there.

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Candles are dipping, but not holding below the blue line. Looks pretty good as a support and potential rebound zone.

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June-July has been holding under the blue line.
Probably a heavy resistance at 27~30 atm...
A decent support just below at the 21~23 range.

jedington

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