MNQ1! trade ideas
$MNQ 4h Timeframe AnalysisEver since 24 Apr, we have been experiencing a wicky situation where we're squashed between the 1 Week Bearish Order block and the 4h Bullish FVGs.
Generally, in a consolidating range, I would expect any TP or SL to be less generous, we never know when we are going to go out from the range.
Even though we are expanding up, it is choppy, wicky, albeit. I consider this as consolidation.
nasdaq ready to fall cmp 19565-19600 rangewe can go short in nadaq cmp 19570-19600
sell order block still hold
we can see sharp fall from this level
most imp level to hold below 19630
short cmp 19570 - 19600
stoploss 19630 (60 points of risk)
target - 18800 (800 points of profit target)
Always respect our sl level focus on sell side trade untill it break 19630 sl level
NQ Power Range Report with FIB Ext - 4/29/2025 SessionCME_MINI:NQM2025
- PR High: 19490.25
- PR Low: 19455.50
- NZ Spread: 77.75
Key scheduled economic events:
10:00 | CB Consumer Confidence
JOLTs Job Openings
Session Open Stats (As of 12:35 AM 4/29)
- Session Open ATR: 685.67
- Volume: 32K
- Open Int: 245K
- Trend Grade: Bear
- From BA ATH: -13.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19246
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Range (04-24-25)NAZ is mid range of the insignificant churn zone. Rejected yesterday at ML (rejection zone) 19,150. This chart will through Monday close and will we see some off session magic tricks (or not) with the Friday-Monday Long only move. That magic trick will set up the Short at KL 20,250. This is assuming the pass near 19,200-300. No pass (2nd rejection) would set up the drop to 18,000 or so. This will either create a U Turn (with a tweet) or drop deeper out of range and into the Danger Zone. Reg Session sold off yesterday, O/N is lower now and above the gap open of 4/23. Gap fill drop or pop in the Reg. I will leave this open through Monday Close.
NQ bottom along with tech and crypto.New ATH coming after the recovery, I think this is the bottom of this down move, I don't think we rocket straight back up to ATH but its a great bet to add Long here. You really only get a move like this once every 5 years.
I think we see Crypto continue to move up, lots of good projects are oversold in the ALT world and lots of good projects are still carrying to torch. Showing strength amongst the weakness.
I think HYPE goes on to lead the way of finance onchain. They are only getting started.
I think S / Sonic goes on to be leader of the next defi summer 2.0.
(will make a post about them soon)
So I'm betting on the fastest horses and calling a decent spot to place bets on the overall condition of the market and i think CRYPTOCAP:BTC leads that race.