$QTUM/USDT – A bearish trend is emerging 📉
📊 Current Price: $2.77900000
📈 Support Zone: $2.77500000 - $2.77200000
📉 Resistance Zone: $2.80000000 - $2.81000000
The chart indicates a consolidation phase near a strong support zone, suggesting possible bearish momentum. A break below $2.77500000 may trigger a downward move towards key support levels. Let's look at the trading setup:
📌 Trading Setup
- Short Entry: $2.77500000 - $2.78000000 📉
- Target 1 (TP1): $2.75000000 🎯
- Target 2 (TP2): $2.73000000 🚀
- Stop Loss (SL): $2.81500000 ⚠️
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🌟 Market Outlook
With sellers actively defending the resistance zone, the price is likely to test lower support levels. Pay attention to volume spikes as the price approaches $2.77500000. A breakthrough could signal further bearish momentum towards $2.73000000. However, failure to break through may result in sideways movement.
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⚠️ Risk Management
- Always use stop losses to protect your capital.
- Risk only 1-2% of your portfolio on each trade.
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📢 Support Our Analysis
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