$QTUM Showing Reversal Clues – Is It Time for a Strategic Long?🔐👇
Current Price: $2.276
Timeframe Analyzed: 1H & 1D
Trade Strategy: Potential Long Setup (Short-Term Reversal Play)
Analysis Breakdown:📊
Daily Chart (1D): $QTUM has been in a corrective downtrend, but currently forming a potential short-term base near demand zone ($2.20–$2.25), showing rejection wicks and holding above the 50 EMA.
Current Candle: Small-bodied bullish candle forming after multiple rejections of lower levels, indicating potential absorption of selling pressure.
1H Chart Observation: Clean BOS (Break of Structure) seen, with a clear CHoCH (Change of Character) and strong bullish candle breaking the recent consolidation zone.
Price rejected from resistance zone around $2.30–$2.32, but structure still holds above moving averages (short EMA confluence around $2.26–$2.27).
Stochastic RSI on both timeframes is in oversold to mid-reversal range—indicating momentum recovery potential.
Why Bullish:🤔💥
Consolidation at higher lows.
1H chart confirmed CHoCH with strong recovery.
1D candle hints a bottom wick forming—potential higher low in play.
Good confluence from 21 & 50 EMAs acting as support.
Trade Duration: 1–3 Days
Risk-Reward Plan:🧑🏫
Entry Zone: $2.26–$2.28✅
Target: $2.36 / $2.44🎯
Stop Loss: $2.21☣️
Reward:Risk Ratio: ~2.5:1
Pro Tip: 🧑💻
Wait for bullish confirmation on next 4H candle. A strong close above $2.29 would ignite the next impulse.
Global Sentiment: 🌍
Market is stabilizing as Bitcoin holds above $105K and altcoins show signs of short-term recovery. $QTUM may ride this minor bounce before hitting upper resistance zones.
👨❤️👨"In trading, clarity comes not by avoiding volatility—but by mastering how to read it."
Disclaimer:⚠️
Not financial advice. Do your own research before trading.
