$QQQ — Bearish Setup Forming Near Highs

📉 QQQ — Bearish Setup Forming Near Highs
Technical Confluence:

• Rising wedge structure into prior highs
  
• RSI bearish divergence (momentum fading)
  
• Volume steadily drying up on this recent move
  
• Price stalling under key resistance zone (Feb–April supply)
  

Execution Plan:

• I’ve tightened stops across swing positions
  
• Trailing a PSQ buy order in case of wedge breakdown
  
• Watching for a move below ~$530 for confirmation
  
• If triggered, downside targets:
  
• T1: $518 (20 EMA)
  
• T2: $496 (200 SMA)
  
• T3: $470 (gap + structural support)
  

Risk View:
I’m not predicting — I’m preparing. Structure is extended, internals weakening. Staying nimble, ready for reversal or breakout invalidation.

📊 Feedback welcome