$QTUM

/USDT Technical Analysis and Trade signal🚀🎯

Current Price: $3.247

24h High: $3.354

24h Low: $2.881

Bollinger Bands:

Upper Band: $3.307

Middle Band: $3.158

Lower Band: $3.010

Parabolic SAR: $3.224 (bullish trend)

Volume:

24h QTUM Volume: 1.97M QTUM

24h USDT Volume: 6.18M USDT

Key Levels:

Resistance: $3.354 (recent 24h high)

Support: $3.224 (SAR level)

Middle Range: $3.158 (Bollinger middle band)

Trade Signal and Momentum:

Current Trend: Bullish (Price is above the Parabolic SAR, and it is near the upper Bollinger Band, suggesting upward momentum.)

Momentum: Moderate Bullish (Recent price action shows a strong recovery, but there’s a drop in the last few hours, signaling potential consolidation or a pullback before further upside.)

Trade Setup:

1. Entry Point:

Buy around $3.250 or if the price shows signs of support near the $3.224 level.

2. Target Levels:

Target 1: $3.354 (Resistance and 24h High - first level to watch for profit-taking or potential reversal).

Target 2: $3.450 (Next potential resistance zone above the 24h high).

Target 3: $3.600 (Possible continuation target based on current bullish momentum and market conditions).

3. Stop-Loss:

Place a stop-loss around $3.200 to protect from further downside, just below the SAR level.

Risk/Reward:

Risk: Stop-loss near $3.200 (~1.5% below current price).

Reward: Target 1 is at $3.354 (~3.3% above current price), Target 2 at $3.450 (~6.3% upside), and Target 3 at $3.600 (~10.8% upside).

Momentum Analysis:

The momentum is currently showing some consolidation after a slight drop in the past few hours. However, the bullish trend is still intact, and the key levels of $3.224 (SAR) and $3.307 (Upper Bollinger Band) are pivotal in determining the next price direction.

If the price breaks above $3.354 with increased volume, a continuation to Target 2 ($3.450) and potentially Target 3 ($3.600) is possible.

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