$QTUM 🚀 QTUM/USDT (Qtum) - 1H Chart Analysis 🔍 Best Trade Stretagy here 👇 🔑
📅 Timestamp: Feb 13, 2025 – 03:17 UTC
💰 Current Price: $3.35 ✅ (Breakout from Converging Triangle!)
📊 Volume: 36.55K – Moderate Liquidity
⏳ Trade Duration Estimate: Short-Term (1H - 4H)
📈 Current Price Trend Signal 🔍
⚡ Pattern Detected: Converging Triangle Breakout – Possible Bullish Move
✔️ Resistance Levels: $3.40 - $3.50 🚧
✔️ Support Levels: $3.30 - $3.16 🛑
📊 Moving Averages (MA):
✔️ Price Holding Above 50 EMA – Short-Term Bullish
✔️ 100 EMA Acting as Resistance – Critical Breakout Zone
📊 Directional Movement Index (DMI) Analysis:
✅ DMI+ (32.87) vs. DMI- (13.28) – Strong Bullish Momentum
⚡ ADX (46.39) – High Trend Strength, Favoring Bulls
📊 Relative Strength Index (RSI):
📈 RSI at 56.50 – Neutral to Slightly Bullish
📊 Above 60 Could Confirm a Strong Bullish Run!
📉 Key Trade Setup & Strategy 💡
🚀 Scenario 1: Bullish Breakout Above $3.40
📌 Entry: Long Above $3.40 ✅
🎯 Target: $3.50 - $3.65 🎯
🛑 Stop-Loss: Below $3.30
📊 Confirmation: RSI Holding Above 60 & Volume Increase
⏳ Trade Duration: 1H - 4H
⚠️ Scenario 2: Fakeout & Drop Below $3.30
📌 Entry: Short Below $3.30 ✅
🎯 Target: $3.20 - $3.16 🎯
🛑 Stop-Loss: Above $3.40
📊 Confirmation: RSI Dropping Below 50 & DMI- Rising
⏳ Trade Duration: 1H - 4H
💎 Final Thoughts & Trading Plan 🏁
📌 QTUM/USDT Has Broken Out of a Converging Triangle – Potential for a Bullish Move!
📈 If It Clears $3.40, Expect a Run Towards $3.50 - $3.65!
📉 Failure to Hold $3.30 Support Could Trigger a Pullback!
🚀 Watch for Volume & RSI Confirmation Before Entering! 🚀
⚠️ Disclaimer: This is not financial advice! Trade with caution! 🚨
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