TQQQ Long Setup

TQQQ 30-min Chart

Classic textbook move — 5-wave dump, corrective ABC grind, RSI divergence, and now we’re gunnin’ for that sweet Wave (3) explosion. Bulls sniped the bottom like sharpshooters at \$82–83. Strap in — this one’s cookin’ for a breakout!

### 🟩 **Demand Zone (Reversal Area)**

* Strong **demand zone** between **\$82.40 – \$83.75**, confirmed by previous price reactions and RSI divergence.
* Price reacted perfectly at this demand zone, tagging bottom at **\$81.82**.

### 🟥 **Supply Zone (Target Area)**

* Initial resistance/supply around **\$93.30 – \$94.00** — end of Wave (1) structure and prior sell-off zone.

### 🧾 **Trade Setup (Long)**

* **Entry:** \$84.06 (already triggered)
* **Stop Loss:** \$81.82 (beneath the low of Wave (2))
* **Take Profit:** \$93.30 (top of Wave (1) — valid for Wave (3) rally)
* **Risk/Reward:** \~**1:3.3** (Solid R\:R setup)


*“The goal of a successful trader is to make the best trades. Money is secondary.”* — Alexander Elder


### ⚠️ **Disclaimer**

This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly. Trade safe! 💼📉