🚨 $QTUM /ETH – Oversold Bounce Incoming or Breakdown Ahead? ⚠️
$QTUM is slipping at 0.000871 ETH (-1.58%), stuck near its 24h low. With RSI deeply oversold and key MAs stacking above, will bulls defend or fold? Let’s dive in 👇
📊 Market Overview
📍 Current Price: 0.000871 ETH
📈 24h High: 0.000889
❄️ 24h Low: 0.000871
💸 24h Volume: 2,246.10 QTUM / 1.98 ETH
📊 Moving Averages:
• MA(7): 0.000878
• MA(25): 0.000881
• MA(99): 0.000896
📉 RSI(6): 15.36 (Extremely oversold!)
📊 Volume MA:
• MA(5): 20.8
• MA(10): 17.9
📈 $QTUM/ETH Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If 0.000870 Support Holds):
• Entry: Above 0.000880
• Targets: 0.000895, 0.000920, 0.000934
• Stop-Loss: 0.000860
🔹 Bearish Scenario (If Breakdown Below 0.000860):
• Entry: Below 0.000860
• Targets: 0.000845, 0.000820
• Stop-Loss: 0.000880
🔍 What’s the Signal Here?
✅ RSI below 20 = ripe for a bounce
⚠️ Price under all major MAs = trend still bearish
❌ Lack of volume = caution on breakout entries
💡 Pro Tip:
If volume spikes while holding above 0.000870, this could flip into a classic oversold reversal. No volume = likely continuation downtrend.
📢 Playing the reversal or shorting weakness? Let’s chart it out below! ⬇️
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