$QUICK #Quick #BULLRUN24 #Everyone #Binance #Followers
### **Technical Analysis of QUICK/USDT (1-hour chart)**
#### **Trend Analysis:**
- **Current Trend:** Strong **bullish** momentum. The price has surged from a low of **$0.04468** to **$0.05966**, reflecting an upward trend.
- **Moving Averages:**
- MA(7) at **$0.05684** is trending above MA(25) at **$0.05261**, confirming a short-term bullish trend.
- MA(99) at **$0.04676** is significantly below the current price, signaling long-term bullish momentum.
#### **Key Support and Resistance Levels:**
- **Support Levels:**
- Immediate support at **$0.05684** (7 MA).
- Next support at **$0.05261** (25 MA).
- Strong support at **$0.04676** (99 MA, previous consolidation zone).
- **Resistance Levels:**
- Immediate resistance at **$0.06175** (recent high). A break above this could trigger further upside.
#### **Japanese Candlestick Analysis:**
- Recent candles show large green candlesticks with smaller wicks, indicating strong buying pressure. The bullish continuation pattern suggests that buyers are in control.
#### **Indicator Analysis:**
- **MACD:**
- MACD is in the positive territory and expanding, with a strong bullish divergence forming. This suggests momentum is increasing in the upward direction.
- **RSI:**
- RSI is at **74.21**, indicating the asset is **overbought**. While this suggests the potential for a short-term pullback, the overall momentum remains bullish.
#### **Volume Analysis:**
- Volume has been increasing with the price, confirming the strength behind the bullish move. A breakout above resistance may be accompanied by continued high volume.
### **Trading Recommendations**
#### **Plan A - Long Entry (Bullish Continuation):**
- **Entry Point:** Consider entering a long position around **$0.05900 - $0.06000** (on slight pullback).
- **Take-Profit (TP):**
- First target: **$0.06175** (recent high).
- Second target: **$0.06500** (potential extension if breakout occurs).
- **Stop-Loss (SL):** **$0.05650** (just below the 7 MA and near recent consolidation).
- **Duration:** Short to medium-term (1-3 days).
#### **Plan B - Short Entry (Reversal or Pullback):**
- Consider shorting only if the price shows strong rejection at **$0.06175**.
- **Entry Point:** Near **$0.06100 - $0.06150** (after confirmation of rejection).
- **Take-Profit (TP):**
- First target: **$0.05684** (7 MA).
- Second target: **$0.05261** (25 MA).
- **Stop-Loss (SL):** **$0.06250** (above resistance).
- **Duration:** Short-term (1-2 days).
### **Summary**
- **Trend:** Bullish
- **Key Levels:** Support at **$0.05684**, Resistance at **$0.06175**
- **Risk:** Overbought RSI suggests potential for short-term pullback, but momentum remains strong.
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### **Trading recommendation** đĄ:
Go **long** at **$0.05900**, set a **stop-loss** at **$0.05650**, and target **$0.06175** for take-profit.
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