$QTUM has shown clear signs of rejection after failing to sustain above key resistance with a strong bearish reversal candle on elevated volume.
Price has broken down from the recent consolidation base confirming aggressive seller control as distribution overwhelms any remaining buyers.
This kind of sharp vertical drop below support typically signals strong downside continuation and as long as price remains below the breakdown zone further decline remains highly probable.
Momentum is clearly in favor of bears right now.
Trade Setup (Short)
Entry Range: 1.270 – 1.290
Target 1: 1.220
Target 2: 1.180
Target 3: 1.140
Stop Loss (SL): 1.330
#cryptobunter #rimmubnb
