QTUM/USDT Trade Analysis (4H Chart - Binance)

Key Observations:

1: Trendline Resistance Breakout:

The price had been following a downward trend, with a well-defined trendline resistance (blue line).

It faced multiple rejections at this resistance but ultimately broke out with strong momentum.

2: Fakeouts & Liquidity Grab:

Fakeout 1: A false breakdown below key support, trapping sellers.

Fakeout 2: Another breakout attempts above resistance but failed, trapping early buyers.

Liquidity Sweep: Before the strong breakout, the price dipped below support to collect liquidity, indicating a potential smart money move.

3: StrongBullish Breakout:

After gathering liquidity, the price surged, breaking above both the trendline resistance and previous key resistance levels.

The volume spike confirms strong buying pressure.

4: Entry & Stop Loss:

Entry: Near the breakout from the trendline resistance and above liquidity zone (~$2.98).

Stop Loss: Below the liquidity zone (~$2.46), ensuring protection against a false breakout.

5: Profit Target Levels:

Target 1: Around $3.37 (previous resistance zone). ✅Hit

Target 2: Around $4.97 (measured move projection based on breakout structure).

Current price action suggests further upside potential.

6: Trade Performance:

✅ 70%+ Profit Move Achieved 🎯

The price has already surged significantly from the breakout zone, making it a highly successful trade.

7: Conclusion & Next Steps:

If holding a position: Consider trailing stop-loss to secure profits.

If looking for a new entry: Watch for a possible pullback to $3.37 support before another push higher.

If price consolidates: A breakout above $4.97 could lead to another strong move higher.

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