$QTUM /USDT-Neutral to cautiously bullish
Support / Resistance:
Support: Established near $2.07–$2.08
Resistance: Immediate resistance around $2.105, with stronger barrier nearing the 23.6% Fibonacci retracement at $2.156.
Fibonacci Levels
Retracement Status:
From the recent low-to-high move ($2.019 → $2.156), the 38.2% level lies near $2.093–$2.096, acting as resistance.
The 61.8% level, found around $2.086, serves as a critical support zone.
Price Zones:
Support Zone: ~$2.07–$2.08 (including the Fibonacci support)
Resistance Zone: ~$2.105–$2.156 (fib ceiling)
RSI
Value: Approximately 64.4 (14-day RSI)
Interpretation: Mildly bullish territory, but not overbought indicating potential for further upside without extreme risk.
Entry Zones
Safer Entry: Around $2.07–$2.08, near Fibonacci 61.8% and support levels high-risk control point.
Aggressive Entry: Around current levels (~$2.10), targeting quick breakout above resistance while managing risk tight.
Take-Profit Zones
TP1: $2.156, aligning with the 23.6% Fibonacci retracement and strong resistance area.
TP2: $2.20, a logical next resistance area beyond immediate Fibonacci levels.
Stop-Loss Ideas
Conservative: Place below the support at $2.07 to protect against breakdown.
Tight: Just below $2.08, acting as a tight safety stop if entering near current levels.
Summary Table
Metric Value / Level
Trend Neutral–Cautious Bull (Aug 20)
Support Zone $2.07–$2.08
Resistance Zone $2.105–$2.156
RSI (14-day) ~64.4 – bullish, not overbought
Safer Entry $2.07–$2.08
Aggressive Entry ~$2.10
TP1 / TP2 $2.156 / $2.20
Stop-Loss (Cons.) Below $2.07
Stop-Loss (Tight) Just below $2.08