📈 Trade Setup Analysis (QTUM/USDT – 1D, Binance)
Pattern / Price Action:
The chart shows a very strong bullish daily candle closing at 2.396 (+13.23%), moving from an open of 2.116 to a high of 2.456. This represents a significant breakout move with a long green body and minimal wick, indicating sustained buying pressure throughout the day. The price is trading well above all key moving averages (MA 7, MA 25, MA 99), confirming a strong bullish trend reversal or acceleration.
🎯 Suggested Trade Plan
Entry Zone: Around 2.395 USDT (current market sell level).
Stop-Loss (SL): Set at 2.100 USDT (below the day's low and a key psychological support level).
Target Levels (TP):
TP1: 2.450 USDT (near the day's high)
TP2: 2.700 USDT (next psychological resistance)
TP3: 3.000 USDT (extended target)
⚖️ Risk-to-Reward Ratio (RRR)
Entry: 2.395
Stop-Loss: 2.100 → risk = 0.295
TP1 (2.450): reward = 0.055 → RRR ≈ 0.19 : 1
TP2 (2.700): reward = 0.305 → RRR ≈ 1.03 : 1
TP3 (3.000): reward = 0.605 → RRR ≈ 2.05 : 1
📊 Probability of Success
Bullish Factors: Extremely strong bullish candle with large range, price trading well above all key moving averages, indicating powerful momentum. The lack of upper wick suggests buyers remained in control through the close.
Risks: After such a large single-day move, some profit-taking and short-term pullback is likely. The +13% gain may be excessive in the short term.
👉 Estimated Probability: 75% chance of hitting TP1. ~55% chance of reaching TP2. ~40% for TP3.
✅ Summary:
This is a strong bullish momentum trade following a significant breakout. Suggested stop-loss at 2.100, with targets at 2.450 → 2.700 → 3.000. The trade offers poor R:R for TP1 alone, so aiming for TP2 or TP3 is essential for a favorable risk-to-reward ratio. Given the strength of the move, holding for higher targets is recommended.