$QTUM /USDT Price Action Analysis and Trading Strategy 🔐👇
Current Price: $2.154
Timeframes: 1H & 1D
Technical Breakdown:📉
1H Chart:📊
Strong breakout candle from consolidation range; price surged from $2.10 to $2.15+.
Resistance zone at Equal Highs (EQH) $2.158 tested again.
Stoch RSI: 98.15 / 96.39 — Extremely overbought; possible micro pullback expected.
1D Chart:📊
Daily structure forming bullish continuation with higher lows.
$QTUM Price pressing against major resistance zone ($2.16–$2.42).
If breakout sustains, $2.42 then $2.66 are key upside targets.
Stoch RSI: Also overheated (98 zone), but no divergence — still bullish.
Trade Setup: Bullish Breakout Strategy
Entry Options:🧑🏫
Option 1: Pullback Buy🔥
Entry Zone: $2.11 – $2.13✅
SL: $2.089 (below 1H support and MA cluster)☣️
Option 2: Breakout Confirmation
Entry: On close above $2.16 with volume
SL: $2.11✅
Targets: 🎯
T1: $2.25
T2: $2.42
T3 (Swing): $2.66+
Trade Duration: Short-Term Swing (1–3 Days)
Pro Tips:👨🏫
Breakout above $2.16 EQH with volume will signal trend continuation.
Best R:R setup is catching the retest bounce near $2.11 support.
$BTC trend correlation: stay cautious of sudden reversals.
👨❤️👨"The zone where most give up is where breakouts are born."
Disclaimer:⚠️
This is a technical analysis for educational use only. Always apply proper risk management and DYOR before trading.