🚨 $QI /USDT ALERT: Bounce in progress, crucial resistance ahead! 🚨
It is trading at $0.01105, showing a 9.73% increase in the last 24 hours. The price bounced off the $0.01052 low, indicating a potential trend reversal.
Key levels to watch:
Resistance: $0.01128 – A break above this level could target $0.01163 and $0.01200.
Support: $0.01052 – Holding above this level is crucial for the bullish momentum to continue. A breakdown could lead to a retest of $0.01000.
Trade Setup:
Long Entry: Above $0.01128, targeting $0.01163 and $0.01200.
Short Entry: Below $0.01052, targeting $0.01000 and $0.00975.
Risk Management:
Stop Loss: $0.01085 for longs, $0.01120 for shorts.
Market View:
Momentum is building after a sharp decline, but resistance at $0.01128 remains a significant hurdle. Monitor volume to confirm breakout and use strict risk management as volatility persists.
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