📊
$QTUM — 1H Pullback Within Uptrend
QTUM is showing bullish continuation structure with a healthy pullback after a strong impulse 👀
🔹 Trend Structure:
Price has been trending up from the 1.38 base, forming clear higher highs and higher lows on the 1H timeframe.
🔹 Moving Averages:
QTUM remains above MA(25) and MA(99), while price is retesting MA(7) — a common spot for trend continuation.
🔹 Recent Price Action:
After tagging 1.655, price pulled back toward 1.57, which looks like profit-taking, not trend failure.
🔹 Key Levels to Watch:
Immediate Support: 1.55 – 1.52 (MA7 / MA25 zone)
Strong Support: 1.46 – 1.43 (MA99 / structure support)
Resistance: 1.65 → 1.70
🔹 Volume Insight:
Volume spiked on the impulse and cooled during the pullback — a bullish characteristic of a healthy trend.
💡 Bias:
Holding above 1.52 → continuation toward 1.65–1.70
Losing 1.46 → deeper pullback, trend weakens
📌 Conclusion:
QTUM is in a bullish pullback phase on the 1H chart. Patience around support could offer cleaner continuation setups.
⚠️ Not financial advice. Trade with proper risk management.
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