Attention traders! 🚨 $QI /USDT is making waves with an interesting move looking to break the resistance at $0.00814. It has had an impressive bullish rally today with a +8.55%, but let's not get complacent!
Notice how the price has been oscillating around the 20-day moving average of the Bollinger Bands ($0.00789), which indicates a possible tug-of-war. The 50-day moving average at $0.00709 is crucial; if the price stays above it, there is hope for further upswing. The MACD shows us a bullish trend, which is a good sign, but the 24-hour volume at 1.43M isn’t overwhelming, which could indicate some caution from the big players.
The most important factor here is manipulation. We see significant resistance at $0.00801 and $0.00802, which could be an attempt to halt the momentum or a trap to make it seem like there is more resistance than there actually is. On the other hand, demand at $0.00799 and $0.00798 is strong, which could indicate that the “big fish” are accumulating at those levels.
The 24-hour money flow is key: $10.58M in buys vs $14.59M in sells! This tells us that, despite the rise, there is more selling pressure than buying. And if we look at the “24-hour money inflows,” there is a significant drop in the early morning; watch out for that! It seems that price manipulation is playing its role here.
My advice: 👀 Keep an eye on the levels of $0.00814. If it breaks with volume and holds, we could see an interesting move. But patience and good risk management will be key. HODL wisely and don’t fall into traps!
