$QI exploded out of its tight consolidation range, with buyers driving price sharply from the .00150 support zone toward the .00191 resistance area on the 1H chart. Momentum expanded aggressively during the breakout, and price is still holding elevated levels after the +14.94% rally.
Setup:
• Entry: .00172 – .00176
• Target 1: .00191
• Target 2: .00205
• Target 3: .00222
• Stop-loss: .00163
RSI around 91.08 shows momentum is extremely overheated after the sudden breakout move. Even so, buyers are still defending the breakout structure strongly, and if price sustains above support, continuation momentum could remain aggressive.
Trade #QI here
QI
0.00152
-3.79%