$QTUM testing support yet again, potentially bullish.

29 Jul 2018

I've been swing trading QTUM paired with USDT on Binance recently with some decent gains. Decided to re-enter tonight at 7.68/7.70 with a stop loss at 7.3. It has some bullish potential given the fact that its oversold and there's some divergence evident on the oscillators (top). I'm looking to possibly pick up 5-8% over the next few days. If it heads south I'm not fussed as I've taken some nice profits lately and a minimal hit if my stop loss gets taken out is the cost of doing business as they say.. As always, TA can give us reasonable probability trades, however they don't always work out and as such, RISK MANAGEMENT is KING. I'm looking for where I see the risk in any chart and how to minimize losses. Do this and the rest takes care of itself. Swing trading Alts paired with USDT versus Bitcoin has been the best decision I have made in recent times. Check out turbotraderpro.com for the tops and bottoms alerts indicators I'm using.