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📈 Technical Analysis: Qtum ($QTUM )
Market Capitalization: $99 million
On the current chart, QTUM is moving sideways, trading in the middle of the channel.
🟡 This gives us the opportunity to work in both directions!
How to trade❔
💬 Trades within the channel: wait for a reversal candlestick pattern near one of the boundaries. Open a bounce trade, stop beyond the level, take profit before the opposite boundary.
💬 Breakout trades: open only after price closes beyond the level. Stop beyond the nearest extremum, take profit before the next level in the direction of movement.
💬 Important: the profit/risk ratio must be at least 1.5 to 1. If you see it's unfavorable – skip the trade without regrets.
Conclusion:
Sideways movement is territory for the patient. We wait for a clear signal, no jumping into the mess.
📈 Open a trade with $QTUM 🔗 Chat • X • JioCoinsX