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The $SQQQon chart exhibits a strong bullish recovery and a constructive trend reversal on the 1-hour timeframe. After finding a solid local bottom around the 40.68 level, the price experienced a sharp gap up and a subsequent push higher, establishing a trading range between 41.50 and 43.56. Following a healthy corrective retest that successfully held above the intermediate support zone, buyers aggressively stepped back in, driving the price up to its current level of $43.48, right near the local resistance ceiling.
The chart shows a series of higher lows, indicating sustained buying interest on dips. If bulls can maintain this momentum and force a clean breakout above the 43.56 resistance level, it will open the door for an extended upward move toward the next major psychological milestones. Conversely, if sellers defend this level successfully, a short-term consolidation or a brief pullback to the 42.50 support zone can be expected to build fresh liquidity.
Target 1: 44.50
Target 2: 45.80
Target 3: 47.00
#SQQQon #ProShares #Binance #Crypto
The chart shows a series of higher lows, indicating sustained buying interest on dips. If bulls can maintain this momentum and force a clean breakout above the 43.56 resistance level, it will open the door for an extended upward move toward the next major psychological milestones. Conversely, if sellers defend this level successfully, a short-term consolidation or a brief pullback to the 42.50 support zone can be expected to build fresh liquidity.
Target 1: 44.50
Target 2: 45.80
Target 3: 47.00
#SQQQon #ProShares #Binance #Crypto
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