$QNT Just Flushed Hard… Is This the Perfect Long Setup?
Price: 251.65 (−6.01%)
Big rejection from 278 → strong bounce from 235.83
Currently sitting right on EMA(7). EMA(25) is acting as resistance.
Longer-term structure still bullish (EMA99 far below at 208).
RSI: Neutral | Stochastic: Cooling
Trade Plan
Long Setup (Preferred)
Entry Zone: 248 – 251
TP1: 258
TP2: 268
TP3: 278+
SL: Below 243
Why Long is better right now:
Higher timeframe trend is still up
Strong demand shown at 235
Price holding above key short-term support
Short Setup (Only under these conditions)
Short becomes better if:
Price closes below 248 with strong volume
EMA(7) breaks and fails to reclaim
RSI drops below 40 with momentum
Short Entry: Breakdown & retest of 248–246
TP1: 242
TP2: 235.80
TP3: 228
SL: Above 255
Summary:
Bias is still slightly bullish. Long is the higher probability trade until 248 breaks cleanly.
If 248 fails → Short becomes the better play.
What’s your bias on QNT?
#QNT #Quant #Crypto #Trading $QNT
Price: 251.65 (−6.01%)
Big rejection from 278 → strong bounce from 235.83
Currently sitting right on EMA(7). EMA(25) is acting as resistance.
Longer-term structure still bullish (EMA99 far below at 208).
RSI: Neutral | Stochastic: Cooling
Trade Plan
Long Setup (Preferred)
Entry Zone: 248 – 251
TP1: 258
TP2: 268
TP3: 278+
SL: Below 243
Why Long is better right now:
Higher timeframe trend is still up
Strong demand shown at 235
Price holding above key short-term support
Short Setup (Only under these conditions)
Short becomes better if:
Price closes below 248 with strong volume
EMA(7) breaks and fails to reclaim
RSI drops below 40 with momentum
Short Entry: Breakdown & retest of 248–246
TP1: 242
TP2: 235.80
TP3: 228
SL: Above 255
Summary:
Bias is still slightly bullish. Long is the higher probability trade until 248 breaks cleanly.
If 248 fails → Short becomes the better play.
What’s your bias on QNT?
#QNT #Quant #Crypto #Trading $QNT