$QTUM Just Triggered a Wake-Up Call!
Massive short liquidation of $2,081.6 at $2.053 just hit the charts. Bears got caught sleeping, and now the bulls smell blood. When shorts start getting liquidated, it’s a signal—a reversal could be brewing. This level is no coincidence… it's a battlefield.
QTUM Technical Analysis:
Current Price Zone: Around $2.053
Buy Zone:
$2.01 – $2.06
($QTUM showing strong support and a liquidation wick near $2.053 indicates possible bottoming.)
Target Levels:
Target 1: $2.18 (Resistance from recent highs)
Target 2: $2.29 (Next resistance and short-term breakout zone)
Target 3: $2.48 (Key breakout level if momentum sustains)
Stop Loss:
$1.96 (Below last support and liquidation zone, risk management is key)
Strategy Insight:
The short liquidation at $2.053 shows that traders betting against $QTUM are already under pressure. Price might surge higher to shake out more shorts. A breakout above $2.18 could attract volume and trigger another leg up.
This is where patience meets precision—watch the volume, track the trend, and strike when the momentum confirms.