Here's a simplified version of the technical analysis report on the $QUICK /USDT trading pair:
The current price of QUICK/USDT is 0.04081, which is trading above the 24-hour low of 0.03940. This suggests potential support at the 0.03940 level. The 24-hour high of 0.04191 can be seen as a resistance level that the price needs to break through for further upside movement.
The recent price action shows a bullish reversal, with the price rebounding from the 24-hour low and gaining over 2% in the last 15 minutes. This could present a potential long trade opportunity. A buy entry could be placed around the 0.04000 support level, with a target of 0.04200 and a stop-loss at 0.03900.
On the other hand, the price has faced resistance at the 0.04191 level, and a bearish reversal from this level could present a potential short trade opportunity. A sell entry could be placed around 0.04150, with a target of 0.03900 and a stop-loss at 0.04250.
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