QNT/USDT Technical Analysis & Trade Signal:
Current Price: 136.5 USDT
24h Price Change: +29.02%
24h High: 136.6 USDT
24h Low: 102.4 USDT
24h Volume (QNT): 433,535.84 QNT
Momentum: Bullish, driven by strong upward movement (+29.02% in 24 hours)
Technical Indicators:
1. RSI (Relative Strength Index): Above 70 (indicating overbought conditions but potential continuation of the bullish trend)
2. Support Level: Around 110.8 USDT (SAR indicator) and 102.4 USDT (24h low)
3. Resistance Level: 138.9 USDT (Depth levels), a key price point to watch
Trade Signal: Buy Signal – Momentum is strongly bullish, supported by high volume and the price's rise above key levels. Traders may consider entering a long position.
Trade Targets (Three Target Levels):
1. Target 1: 140.0 USDT – A reasonable first resistance level, offering a moderate risk-to-reward ratio.
2. Target 2: 145.0 USDT – Stronger resistance, likely a point where profit-taking may occur.
3. Target 3: 150.0 USDT – Next significant resistance zone, providing potential for further upside.
Trade Momentum:
Current Trend: Bullish (upward movement continues)
Short-Term Momentum: Strong buying pressure, with the price gaining momentum from 102.4 USDT to current levels (136.5 USDT).
Entry Point: Around 136.5 USDT or any retracement near support levels (e.g., 110.8 USDT).
Stop Loss: Below 110.8 USDT (if price retraces), to manage risk.
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