$QTUM Trade Idea (4H Chart)

▶️ Entry Zone: 2.779 - 2.848 (Resistance levels)

🛑 Stop Loss: 2.588 (Recent low)

🎯 Take Profit 1: 2.890

🎯 Take Profit 2: 2.985 (Based on chart pattern projection)

Analysis:

* Price is above all EMAs (7, 25, 99), indicating a strong bullish trend.

* Recent price action shows a steady uptrend with multiple retests of support levels.

* RSI(14) at 70.703 is overbought, suggesting potential for a short-term correction.

* MACD is strongly positive and diverging from the signal line, indicating continued bullish momentum.

* 24h gain of 8.01% with high volume indicates strong buying pressure.

Rationale:

Strong bullish signals and recent price performance make QTUM/USDT a potential long candidate. Entry at resistance levels confirms a breakout. However, the overbought RSI and potential short-term correction should be considered.

Caution:

* Cryptocurrency market is highly volatile.

* Use stop-loss orders for risk management.

* Overbought RSI might indicate a potential short-term correction.

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