๐ Featured recommendation for currency $QTUM
๐ Technical outlook: Bullish Status: Active โ
๐ฏ Trade details (SPOT Immediate Trading):
๐ Entry range: 2.300 โ 2.320 ๐
๐น Ascending targets
๐๏ธ First target: 2.360 ๐ฅ
๐๏ธ Second target: 2.410 ๐ฅ
๐ก Third target: 2.480 ๐ฅ
-๐จ-- Stop loss: 2.230 โ
๐ง Analytical view:
The QTUM currency is experiencing a strong recovery wave after touching the bottom at $2.10, which formed a clear rebound base supported by a gradual increase in trading volumes.
The price has been steadily moving within a rising sub-channel on the 1H โ 4H time frame, forming higher lows, reflecting smart accumulation from wallets before any upcoming breakout.
The area around $2.26 was a previous resistance that has now turned into a pivotal support, technically known as the Support Flip Zone.
Price stability above this level indicates buyers' readiness to defend the upward wave.
A clear breakout above the $2.36 level will confirm the continuation of positive momentum and activate the extension of the movement to $2.48 and possibly more if the liquidity flow continues.
The key level to watch: $2.260 โ Critical support that determines the continuation of the bullish structure.
๐ Technical forecast:
๐น Continuing trading above $2.26 keeps the overall structure in a controlled bullish range.
๐น Breaking $2.36 with a strong candle will attract new liquidity from late buyers.
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