Traders Keep Watch on #QNTUSDT Demand Zone

2023年5月8日

#QNTUSDT has approached the critical demand zone, which traders have been watching for a year now. Currently #QTUM is also testing 161.8% Fibonacci support, where today we are seeing a clean bounce.

For the bulls, it should be quite an important level to watch, especially a daily close around it. Because if it holds, followed by a $3.5 resistance breakout, trend can turn aggressively bullish. On the other hand, a daily break and close below the demand zone should be the sign that bears are in control.