$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

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