Trade Recommendation: Qtum

The period of low volatility will be changed by the period with high volatility. We should be ready to catch such strong price movement. Pending orders for buy can be placed above 0.035000 level with stop orders below the local low at 0.030800 level. Profit targets are 0.042000 and 0.050000 resistance levels. Now we can see that the uptrend line supports the market. If the price stays above it, we’ll see upward movement. But if the price drops below this uptrend line, we’ll have to wait for a new trading opportunity near 0.030000 and 0.028000 levels. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

Market: QTUMETH
Buy: 0.035300
Stop: 0.030800
Profit Targets: 0.042000 and 0.050000

The trading signal is based on Bittrex chart.

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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.