📈 Technical Analysis: Qtum ( $QTUM )

Market capitalization: $152M.
The overnight QTUM crash is tied to broad market panic over the escalating US-EU trade conflict, which triggered $546M in mass liquidations and capital flight to gold and silver.

How to trade❔

💬 A support level has formed near current prices on the chart. Price is pulling back after an upward impulse – an ideal entry point for a long position.

💬 Entry: at current price. Stop-loss: below the nearest swing low. Take-profit: before the next resistance level. Risk/reward ratio: excellent.

💬 Important: if the stop triggers, it's better not to open a short – the nearest level for shorting is too close, making it difficult to maintain a good risk/reward ratio.

Conclusion:
Qtum after the drop is an opportunity for a positional entry on the pullback. The key is not to get greedy with the take-profit.

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