Liquidation Reference: $60.93517
Entry Zone: $60.20–$61.00
Stop-Loss: $58.70
Take Profit:
TP1: $62.50
TP2: $64.00
TP3: $66.00
Market Analysis:
The liquidation activity near $60.93 makes this an important short-term reaction zone. If buyers defend the area and price establishes a higher low, a recovery toward the next resistance levels becomes possible. Volume expansion on a breakout would strengthen the bullish case. Since TQQQ is leveraged, volatility and position sizing require extra attention.
Invalidation: A confirmed move below $58.70 weakens the recovery thesis and cancels the setup.
Maintain disciplined risk management.
#Nasdaq Falls 1.07% as Semiconductor Stocks Extend AI-Driven Selloff
