QTUM - Trade Opportunity (Potential for Quick Profit)
Updated
Here is the 2hr chart for QTUM-BTC. Seems like QTUM is preparing for a quick upward movement with potentially good profit. Although indicators do not suggest a strong bullish movement yet, QTUM has shown good strength to BTC volatility, that gives us a green light for a possible trade opportunity. But keep in mind it will be a risky trade, so trade what you can afford.
- Confirmation Signal: 0.0040-42 level (buy) -It may range at the current resistance level or move back into channel and then move up again (all due to changing BTC trend). Wait for the confirmation.
- Stop loss: up to you- you can set it on based on your risk and capital management.
Target 1 and 2 are likely once we get the confirmation and start moving upward. Target 3 is the long target that depends on how the upward movement will look like. It would need reevaluation once target 1 and 2 are achieved.
Please be aware that altcoins including QTUM will be affected by strong BTC movement.
*** This is not a financial/investment advise. Trade at your own risk and do your research before setting up a trade.
- Confirmation Signal: 0.0040-42 level (buy) -It may range at the current resistance level or move back into channel and then move up again (all due to changing BTC trend). Wait for the confirmation.
- Stop loss: up to you- you can set it on based on your risk and capital management.
Target 1 and 2 are likely once we get the confirmation and start moving upward. Target 3 is the long target that depends on how the upward movement will look like. It would need reevaluation once target 1 and 2 are achieved.
Please be aware that altcoins including QTUM will be affected by strong BTC movement.
*** This is not a financial/investment advise. Trade at your own risk and do your research before setting up a trade.
Note
Hodl.. We are sailing in the channel, waiting to break the resistance. Be patient.Trade active
You can buy and start the trade now. Good luck..Trade active
It is the game of waiting and being patient. We are cruising at the 36k level, which seems to be a strong support. Nothing to worry. We will be going up.
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