QTUM/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 11.322, 11.737. 11.800
Key Support Levels: 10.269, 9.551, 8.364
The price on the higher time frame is in a clear upward movement where it is stuck inside a parallel channel. This range is made by a support & resistance with respective values 10.256 USDT & 11.322 USDT. We expect further upside movement in the coming hours.
QTUM/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price managed to break the wedge formation to the upside with the help of a bullish head and shoulders. A lower correction is expected to the highlighted zone before a new impulsive wave to the upside.
Buy Limit Order @ 10.724
TP 1 @ 11.305
TP 2 @ 11.737
Stop Loss @ 10.532
Trade Safely 🙂