$QTUM M Idea (4H Chart)
▶️ Entry Zone: 1.900 - 1.950
🛑 Stop Loss: 1.750 (Below recent low)
🎯 Take Profit 1: 2.231 (24h High)
🎯 Take Profit 2: 2.500 (Previous support turned resistance)
Analysis:
* Price is currently below all EMAs (7, 25, 99), indicating a strong bearish trend.
* Recent price action shows a sharp decline, with a potential oversold bounce.
* RSI(14) at 20.062 is deeply oversold, suggesting a potential short-term reversal.
* MACD is negative and below the signal line, but extremely oversold.
* 24h loss of 14.38% with moderate volume (1.32M QTUM) indicates strong selling pressure.
QTUM/USDT has experienced a significant drop and is showing extremely oversold conditions. This could present a high-risk, high-reward opportunity for a quick bounce trade. However, the overall trend remains heavily bearish, and any long position should be considered very risky.
Caution:
* This is a high-risk trade idea based on oversold conditions.
* The overall trend is still bearish, and price could continue to fall.
* Use very strict risk management if attempting this trade.
* Consider waiting for signs of reversal before entering.
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