🟢🚨 Trading Signal: QTUM/USDT

Timeframe: 1D (Daily)

🔑 Trade Setup:

Entry Point (Buy Zone):

• Current Price: 2.563 USDT

• The chart has formed a Triple Bottom pattern, a strong bullish reversal signal, with price attempting to break above the resistance line. A breakout above this resistance could confirm a move higher.

Stop Loss (SL):

• Stop Loss: Set below the recent swing low to limit downside risk, around 2.200 USDT. This will protect from potential failures in breaking the resistance.

Take-Profit Targets (TP):

1. Target 1 (TP1): 3.000 USDT

• The first profit target aligns with a minor resistance level, offering a reasonable gain if the breakout is sustained.

2. Target 2 (TP2): 3.500 USDT

• Further upside potential exists, especially if the momentum continues. This level offers a more substantial gain for traders willing to hold longer.

3. Target 3 (TP3): 4.500 USDT

• A larger-term target based on prior highs. Reaching this point would signal a full recovery and strong bullish continuation.

📊 Trend Analysis:

• Pattern Formation: The Triple Bottom pattern indicates the end of the downtrend, with three failed attempts to push lower.

• Resistance Break: Price is currently challenging the resistance line at 2.563 USDT. A successful close above this line could signal a strong bullish move upward.

• Momentum: Increasing momentum shown by consistent higher lows, with room for further upward movement upon the breakout.

⚠️ Risk Management:

• Risk Level: Moderate

• The stop loss is set below 2.200 USDT to protect against false breakouts or retracements, while potential profit targets offer favorable risk-reward ratios.

🔔 Signal Summary:

• Buy at: 2.563 USDT (upon confirmed breakout)

• Stop Loss at: 2.200 USDT

• Take Profit Levels:

1. TP1: 3.000 USDT

2. TP2: 3.500 USDT

3. TP3: 4.500 USDT

Disclaimer: DYOR and NFA.

$QTUM

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