$QUICK #update #Followers #Binance .
### **Updated Analysis of QUICK/USDT (1-hour chart)**

#### **Price Action Update:**
- **Price:** **$0.05758**
- **RSI:** **60**, indicating that the overbought condition has cooled off slightly, but it's still above the midline, suggesting the uptrend could resume or stabilize.
- **MACD:** **0.00022**, showing a slight decrease in bullish momentum, but still in the positive zone.
- **Volume:** Increasing USDT volume suggests a potential fight between buyers and sellers. This may indicate either accumulation at a key level or distribution by sellers.

### **Key Observations:**
1. **Price Drop:** The price has retraced from its highs and is now at **$0.05758**, which is still above the **7 MA** (**$0.05684**) support level. This level will be critical to watch for potential support.
2. **RSI:** The RSI cooling off from overbought levels (down to 60) implies that the market is not in an extreme condition anymore, but buyers may still be present.
3. **MACD Decrease:** The slight reduction in MACD momentum could indicate a potential short-term pullback, but since it is still in the positive territory, the overall trend is not completely reversed.

### **Plan A - Adjusted Long Strategy (For Continuation of Bullish Trend):**
- **Entry Point:** If the price holds around the **$0.05684** support (7 MA) or shows signs of reversal, consider adding or entering long.
- **Take-Profit (TP):**
- First target: **$0.06000** (resistance turned new target).
- Second target: **$0.06175** (previous high).
- **Stop-Loss (SL):** **$0.05550** (just below the 25 MA, safer buffer).
- **Duration:** Short-term, 1-2 days.

#### **Plan B - Short Strategy (Bearish Reversal or Failed Support):**
- If **$0.05684** (7 MA) breaks down with high volume:
- **Entry Point:** Below **$0.05650**, after confirmation of support failure.
- **Take-Profit (TP):**
- First target: **$0.05500** (psychological round number).
- Second target: **$0.05261** (25 MA, solid support).
- **Stop-Loss (SL):** **$0.05750** (above recent highs).

### **Conclusion:**
The market is currently experiencing a **retracement** after a strong rally. As long as **$0.05684** holds, there is still potential for the bullish trend to continue. However, a break below this level could suggest a deeper correction.

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### **Trading recommendation** 💡:
If **$0.05684** holds, go **long** at **$0.05700**, with a **stop-loss** at **$0.05550** and a **take-profit** at **$0.06100**.

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