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๐ Technical Analysis: Qtum ($QTUM )
Market Capitalization: $99 million
On the current chart, QTUM is moving sideways, trading in the middle of the channel.
๐ก This gives us the opportunity to work in both directions!
How to tradeโ
๐ฌ 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.
๐ฌ 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.
๐ฌ Important: the profit/risk ratio must be at least 1.5 to 1. If you see it's unfavorable โ skip the trade without regrets.
Conclusion:
Sideways movement is territory for the patient. We wait for a clear signal, no jumping into the mess.
๐ Open a trade with $QTUM โ๐ Chat โข X โข JioCoinsX