š„ $Q shows strong short-term bullish momentum. Daily volume is solid at 840M, with significant spikes up to 4.2B indicating real buying pressure. However, caution is advised as volatility remains high.
š Capital flows reveal healthy short-term inflows (+102k in 5m, +222k in 15m), suggesting ongoing momentum. Yet, a 7-day outflow of -726k implies some larger holders might be realizing profits.
š $Q price currently sits just 1.69% below its 24h high of 0.016326, which acts as immediate resistance. A break above this level targets 0.01716. Key support levels are firm at 0.01290 and the 20MA at 0.01336. The wide range (0.012255 to 0.016326) suggests continued swings.
šÆ My $Q plan for today leans cautiously bullish. Aggressive traders could consider longing on dips, ideally targeting an Entry around 0.014ā0.0145, near the MA20 and Bollinger Band middle. Alternatively, a momentum play could initiate on a breakout above 0.01633.
š For an Entry at 0.014, set a tight SL at 0.01350. Primary TP targets include 0.01716, followed by 0.01902. Given the 28.67% rally in 24 hours, managing risk is crucial due to high volatility.
What are your thoughts on $Q? Is the bullish run sustainable, or could a fakeout be near? Share your insights below! š
