QTUM: Trading Idea

Purchases on renewal minimum

Qtum is retesting support indicated by the medium order 9.10-9.30. The zone has already been fully implemented, but there is a possibility of a second working off with a second return and its breakdown.

Therefore, it makes sense to plan new purchases for the renewal of this zone and the local minimum.

The next range for purchases is the support in the form of the senior order 7.98-8.39. In the event of a breakdown of the nearest support, this zone will be a pivot for a large buyer, where he can gain his volume, consisting of other people's stops and sells, and return for an average order.
The bottom edge of the buy zone coincides with the top edge of the next middle order, making it even more reliable.

⚪ Beginning of purchases from the upper edge of the highest order 8.40.
⚪ End at its lower edge at 8.00.

🔴 Optimal control level at 7.30. When closing the hourly candle below it, it is recommended to exit the trade, or set a stop loss depending on the size of your position and personal risk management.

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