I’m opening a BIG SHORT on $QNT here with 20x.
$QNT just made a strong run from around $230 to above $265, but the breakout couldn’t hold. Price got rejected near the top, and now the 1H chart is starting to print red candles one after another.
That’s exactly why I didn’t chase the pump.
I wanted to see buyers lose control first. Now that the price is struggling around the highs, I’m taking the short.
If $250 breaks cleanly, I think the selling could speed up. A lot of late buyers came in after the pump, and once they start closing, that can add even more pressure.
My target is $231.8.
TP: $231.8
SL: $275
Above $275.5, the setup is wrong and I’m out. Simple.
The pump was strong.
Now let’s see how much of that move $QNT can actually keep.
$QNT just made a strong run from around $230 to above $265, but the breakout couldn’t hold. Price got rejected near the top, and now the 1H chart is starting to print red candles one after another.
That’s exactly why I didn’t chase the pump.
I wanted to see buyers lose control first. Now that the price is struggling around the highs, I’m taking the short.
If $250 breaks cleanly, I think the selling could speed up. A lot of late buyers came in after the pump, and once they start closing, that can add even more pressure.
My target is $231.8.
TP: $231.8
SL: $275
Above $275.5, the setup is wrong and I’m out. Simple.
The pump was strong.
Now let’s see how much of that move $QNT can actually keep.
