BullFilter showing bullish divergence & long opportunity on QTUMAnalysis:
Correction ended, and accumulation nearing final phase. Spikes in volume combined with bullish divergence are showing the fingerprints of a pre pump situation. Breakout from this channel expected near term.
Entry Point:
General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 530 to 550. See detailed screenshot below, using Bottomfinder to find best local entry.
Take Profit:
The dashed red lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish).
Stop Loss:
Stop Loss suggested at 480, which is below the liquidity pool likely located in the 500-525 range.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
