🌌 Finora AI Analysis for $QTUM #QTUMUSDT | 4h
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- The overall trend remains bearish, with momentum indicators and most signals confirming downside pressure.
- Price is hovering just above the 1.179 level, which is the lowest point of the most recent swing movement. If there is a sweep and quick recovery below this level, a short-term reversal could be possible, but currently, bearish continuation is favored.
- Key supports to watch below the current price are 1.211, 1.179, and 1.168. Breaching 1.179 and holding below could provoke further selling towards 1.121 and 1.092.
- Immediate resistances above are 1.238, 1.286, and 1.324. Any relief rally into these levels could provide new selling opportunities if weakness is confirmed.
- For a trade setup, a break and close below 1.179 with bearish confirmation (such as a lower timeframe bearish engulfing or strong momentum candle) may offer a short entry targeting 1.121, while stop-loss should be placed above the most recent swing high.
- If price manipulates bel...
