$Q is going through a healthy correction after the recent drop these shakeouts help flush weak shorts and give the market a chance to stabilize. I’m watching the $0.0258–$0.026 zone closely, where $1.5475K in short positions just got liquidated, highlighting a key reaction area.
Trade Setup:
Entry Zone: $0.0258–$0.0265
Target 1: $0.0274
Target 2: $0.0282
Stop Loss: $0.0252
This zone is strong because it coincides with previous support and the 0.618 retracement of the last leg down. If this level holds, they’re building strength for a potential bounce, and I’m watching closely to see if buyers step in.
