$QTUM /USDT Short Trade Signal
QTUM is trading at $2.69, reflecting a 21.17% increase over the past 24 hours. This surge positions QTUM near its recent high of $2.80, suggesting a potential resistance level.
Trade Setup:
Entry: Consider entering a short position around the current price of $2.69.
Take Profit: Set an initial profit target at $2.14, aligning with the recent intraday low.
Stop Loss: Implement a stop-loss order at $2.80, slightly above the recent high, to manage risk effectively.
Risk Management:
The proposed stop-loss at $2.80 represents an upside risk of approximately 4.1% from the entry point. This aligns with common risk tolerance levels for traders seeking a balanced approach between potential reward and risk exposure.
