$QNT
/USDT Technical Analysis and Trade Strategy🎯🚀
Current Price: $168.9
Recent Performance: +7.17% over 24 hours
Support: $157.0 | Resistance: $171.7
Technical Indicators
1. Moving Averages (MA):
50-Day MA: Bullish crossover indicates upward momentum.
200-Day MA: Trading above the 200-day MA suggests a strong trend.
2. Bollinger Bands:
Current price near the upper band indicates possible overbought conditions, but momentum remains strong.
3. MACD:
MACD Line above Signal Line: Positive momentum.
Histogram Bars Increasing: Bullish trend continuation.
4. RSI (Relative Strength Index):
RSI ~65: Close to overbought territory but not extreme. Room for more upside.
5. Support/Resistance Levels:
Support: $160 | Resistance: $172, $180
Trade Strategy
Entry Zone:
Buy between $165 - $168 on slight pullbacks for an optimal entry.
Stop-Loss:
Place a stop-loss at $157 to limit downside risk.
Target Keys 🎯:
1. Target 1: $172 – Testing recent 24h high.
2. Target 2: $180 – Next resistance level.
3. Target 3: $190 – Strong psychological resistance.
Trade Note:
Monitor the RSI and MACD for signs of weakening momentum.
Consider taking partial profits at each target level to manage risk.
If the price falls below $157, consider re-evaluating the trade.