$QI /USDT is showing a strong weekly breakout from its long accumulation zone.
Price is holding above the 7-week and 25-week moving averages.
Volume expanded sharply, supporting the breakout.
Key support: $0.0022 - $0.0026
Major invalidation: below $0.00175
Resistance to watch: $0.0036, then $0.0048 and $0.0062
Trade idea:
Entry: $0.0022 - $0.0026 on a controlled pullback
Stop Loss: $0.00175
Take Profit 1: $0.0036
Take Profit 2: $0.0048
Take Profit 3: $0.0062
The weekly trend is improving, but QI remains below its long-term MA. Avoid chasing a vertical candle; wait for confirmation or a retest.
Not financial advice. Manage risk and DYOR.
$QI #BENQI #Avalanche #CryptoTrading #PriceAction
Price is holding above the 7-week and 25-week moving averages.
Volume expanded sharply, supporting the breakout.
Key support: $0.0022 - $0.0026
Major invalidation: below $0.00175
Resistance to watch: $0.0036, then $0.0048 and $0.0062
Trade idea:
Entry: $0.0022 - $0.0026 on a controlled pullback
Stop Loss: $0.00175
Take Profit 1: $0.0036
Take Profit 2: $0.0048
Take Profit 3: $0.0062
The weekly trend is improving, but QI remains below its long-term MA. Avoid chasing a vertical candle; wait for confirmation or a retest.
Not financial advice. Manage risk and DYOR.
$QI #BENQI #Avalanche #CryptoTrading #PriceAction
