Friday Trade Analysis SIGNAL: LONG QTUM/USDT June 30, 2023
The trade we executed that day stands out as one of the quickest in history, taking only 30 minutes to complete.
Recognizing that QTUM had already experienced a significant upward movement and sensing a loss of momentum, we decided to short it. Our opportunity presented itself on the 5-minute timeframe when we observed a weakness in the market. As a result, we promptly sent the short signal through our VIP platform.
Within 20 minutes, the price of QTUM plummeted rapidly due to the news of the SEC rejecting the BTC Spot ETF applications.
We successfully reached our target profits, TP1 and TP2, within a single 5-minute candle. Shortly after, TP3 was achieved in the subsequent candle, followed by the fourth and final target.
The entire trade was concluded in approximately 30 minutes.
Subsequently, QTUM began a gradual recovery in the opposite direction. However, we had already exited the trade, securing our profits.
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