$QI QI/USDT Market Overview
Current Price: $0.01699 🔻 (-5.72%)
24h Range: $0.01674 - $0.01835
24h Volume: 121.73M QI
---
Technical Insights:
EMA (7): $0.01702
EMA (25): $0.01739
EMA (99): $0.01752
(Current price is trading below all key EMA levels, signaling a bearish trend in the short to long term).
---
Key Levels:
Support: $0.01674 (recent low). A breakdown below this could lead to further declines toward $0.01650.
Resistance: $0.01725 (EMA 7), $0.01750 (EMA 99). Bulls need to regain these levels for a potential reversal.
---
Observations:
1. Downtrend Pressure: Strong bearish momentum has pushed the price below significant EMA levels.
2. Oversold Bounce?: Minor recovery near $0.01699 suggests a potential relief rally, but confirmation is needed.
3. Volume Spike: Increased selling volume indicates bearish dominance.
---
Trading Strategy:
Bearish Continuation:
Entry: Below $0.01670.
Targets: $0.01650, $0.01630.
Stop Loss: $0.01720.
Bullish Reversal:
Entry: Above $0.01750.
Targets: $0.01800, $0.01830.
Stop Loss: $0.01680.
---
Note: Watch for a close above $0.01750 to signal strength for buyers. Otherwise, the downtrend could persist. Use caution in volatile conditions.
#QI #Binance #CryptoAnalysis #Trading #TrumpBTCBoomOrBust