Trade Setup: #qtum /USDT (Short)
Entry: $1.322 | SL: $1.392 | TP1: $1.257 | TP2: $1.179
#analysis Summary:
QTUM is exhibiting a bearish trend continuation pattern on the 4-hour chart. The setup is predicated on a rejection from the overhead supply zone (OB + FVG). The current weak bounce suggests a corrective move, making a sweep of the sell-side liquidity below $1.179 highly probable.
Management:
Monitor for rejection at the entry zone. Secure profits at TP1 and move the stop loss to break even to protect capital.
QTUM
1.24
-3.42%