???? $SQQQ is holding the 50SMA (red line) beautif
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Posted On: 04/13/2025 8:44:23 PM
???? $SQQQ is holding the 50SMA (red line) beautifully right at the retest zone.
That’s bullish for now, especially when:
It's above the falling wedge breakout
Backed by volume
RSI still in elevated "bullish regime"
If this 50SMA + trendline confluence holds, it could launch the next leg up toward $48–52, possibly even $64 retest.
???? Key confirmation trigger: Break back above $40 with strong volume.
???? Target 1 (61.8% Fib): ~$58
???? Target 2 (Full Move): ~$72
???? Target 3 (161.8% Extension): ~$94
https://www.threads.net/@millionairetradersal...BQVuW-VA8g
That’s bullish for now, especially when:
It's above the falling wedge breakout
Backed by volume
RSI still in elevated "bullish regime"
If this 50SMA + trendline confluence holds, it could launch the next leg up toward $48–52, possibly even $64 retest.
???? Key confirmation trigger: Break back above $40 with strong volume.
???? Target 1 (61.8% Fib): ~$58
???? Target 2 (Full Move): ~$72
???? Target 3 (161.8% Extension): ~$94
https://www.threads.net/@millionairetradersal...BQVuW-VA8g
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