QMCO at a Make-or-Break Moment: 5 Key Levels to Watch Now
Morning Trading Family
QMCO is approaching a critical crossroads, and the next move could bring some serious action. Let’s break it down with key levels and what they mean for traders.
If we break below $65.46
The outlook turns bearish. These are the levels to watch on the way down:
$60: First stop. This is where buyers might step in to test the waters.
$55: A deeper pullback that could bring more attention from the market.
$52: A critical level. If we hit this, it’s time to reevaluate what’s next.
If we break above $68.37
This would signal a potential shift in behavior, and the bulls might take over. Here’s what could happen:
$70: The next challenge for price to clear.
$73: A key level that could act as resistance.
Above $73?
That’s the green light for a long position. If the price moves past $73, it’s likely that the trend has flipped, and we could see much higher levels.
What You Can Do
-Keep a close eye on $65.46 and $68.37. These levels are your signals for the next move.
-Plan ahead—set stop-loss levels to manage your risk.
-Stick to your strategy and don’t rush into trades without confirmation.
If you found this helpful, don’t forget to follow, like, or boost this video. Have questions about other charts or feeling stuck with trading? Send me a DM—I’m here to help!
Kris/ Mindbloome Exchange
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