QTUM is trading at 1.270, consolidating after a pullback from the daily high of 1.340. The price is currently holding in the middle of its daily range (1.238 - 1.340), indicating a period of equilibrium between buyers and sellers.

Trade Plan (Range / Breakout):

· Long if support holds and price moves toward 1.340:

· Entry (on bounce): 1.255 - 1.265

· TP1: 1.300

· TP2: 1.340

· SL: 1.245

· Short if the range low fails:

· Entry (on breakdown): 1.238 - 1.235

· TP1: 1.220

· TP2: 1.200

· SL: 1.248

Key Insight:

This is a clear range-bound market. The high (1.340) and low (1.238) are your key decision points. Trading in the middle of the range offers little edge. The optimal strategy is to fade moves toward the boundaries or wait for a confirmed breakout with increased volume.$QTUM

QTUM
QTUMUSDT
0.938
+4.80%