*QTUMUSDT is looking promising, with several analysts predicting a bullish move.* đ€©đ
The cryptocurrency has formed a triple bottom on the daily chart and is currently trading below the neckline resistance. Once a breakout is confirmed, we could see a strong upward move.
Key Observations:
- Primary Support: $2.5
- Lower Support: $1.11
- Primary Resistance: 50 SMA at $3.15
- Long-term Target: $27-$30
Some analysts suggest buying after a breakout, with potential targets at $2.60, $2.85, and $3.16. Others recommend waiting for a daily candle closure above the primary support and 50 SMA before entering a long position.
Trade Ideas:
- Long Plan: Entry at $2.718, stop loss at $2.434, and take-profit targets at $2.998, $3.471, $4.085, and $4.951
- Buy Zone: $2.5 to $3.65
Keep in mind that cryptocurrency markets are highly volatile, and it's essential to manage risk effectively. Always do your own research and consider multiple sources before making any trading decisions.
