QRLBTC (Quantum Resistant Ledger) hit a new all-time low on 22-Mar. Prices fell below our "strong support" just to quickly bounce back up.
This is a stop-loss hunt and also a signal that prices can now easily go up.
The first confirmation needed for the above scenario to take place is a daily candle closure above EMA10, afterward, prices can easily jump.
Conditions for change
If prices drop and close below "strong support", the above signals become invalid, a new analysis would be needed to map the next move.
Thanks a lot for reading.
Namaste.