Bearish Breakdown Setup on $QTUM /USDT – Short Entry Opportunity
QTUM/USDT has shown continuous selling pressure after failing to sustain above the $2.45–$2.50 resistance zone. The pair has been in a steady downtrend, breaking multiple supports and currently hovering around $2.18, close to its intraday low. If bearish momentum continues, QTUM is likely to test deeper support zones in the coming sessions.
Entry: 2.18 – 2.20
Targets:
Target 1: 2.12
Target 2: 2.05
Target 3: 1.95
Stop-Loss: 2.36
Risk Management: Allocate only 3–5% of your portfolio to this trade. Once Target 1 is achieved, move the stop-loss to the entry level to protect capital.
Pro Tip: Watch for any sudden bounce attempts around $2.12, as weak volume recoveries could provide re-entry opportunities for continuation shorts.