$QNT /USDT Technical Analysis & Trade Signals
Current Price: $117.9
24h High: $123.4
24h Low: $102.4
24h Change: +13.26%
Technical Indicators Overview:
Resistance: $123.4 (24h High)
Support: $102.4 (24h Low)
Trend: Bullish momentum with strong upward movement (+13.26%)
Volume: 36.81M USDT (significant increase, indicating strong buying activity)
Trade Momentum:
Bullish: The price is currently in a bullish trend, breaking through key levels and showing strength with an increase in volume. However, it’s nearing resistance, so it’s important to watch for potential pullback or continuation.
Trade Signals:
Buy Signal: Enter a buy position at current price levels around $117.9, with a stop-loss placed at $102.4 to minimize risk. This trade can ride the upward momentum if the price maintains above $117.
Target Levels:
1. First Target 🎯: $120.5 - A slight resistance level near the psychological mark of $120. Expected small resistance and consolidation around this level.
2. Second Target 🎯: $123.4 - The 24-hour high. Price is likely to test this level again; if it breaks through, there could be further upside.
3. Third Target 🎯: $127.0 - This could be the next major resistance level based on current momentum and previous price action.
Stop-Loss:
Place a stop-loss at $102.4 (24h Low), which will help protect against downside risks in case the market retraces.
Summary:
Trend: Bullish with a strong upward movement.
Entry: Buy near $117.9 with a target range of $120.5 to $127.0.
Risk Management: Stop-loss at $102.4 for safer trading.