Hi dear patrons, hope you are well and welcome to the new trade setup of QTUM coin.
During the previous market crash, QTUM formed a big bullish Cypher which I shared as below:
Now during the current drop,QTUM has formed a big bullish Shark , on a weekly time frame. Right now after completing the final leg, the priceline has moved up, therefore, we can wait for some correction to buy it from the potential reversal zone.
Buying and sell targets:
Potential reversal zone: $5.87 to $2.806, but we have strong support at $4.40, therefore the buying zone can be from: $5.87 to $4.40
Sell between: $9.10 to $15.77
Stop loss:
Below support of $4.40.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 258%, and a high loss possibility of 25.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
During the previous market crash, QTUM formed a big bullish Cypher which I shared as below:
Now during the current drop,QTUM has formed a big bullish Shark , on a weekly time frame. Right now after completing the final leg, the priceline has moved up, therefore, we can wait for some correction to buy it from the potential reversal zone.
Buying and sell targets:
Potential reversal zone: $5.87 to $2.806, but we have strong support at $4.40, therefore the buying zone can be from: $5.87 to $4.40
Sell between: $9.10 to $15.77
Stop loss:
Below support of $4.40.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 258%, and a high loss possibility of 25.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade