#美国8月职位空缺降至五个月低点 QNT accelerates to the top: go long or short?
First, the conclusion: short-term bias is bearish, but don’t get carried away.
After the TCH cooperation news came out, QNT surged from 60 to 373—more than triple in a week. The issue is that this rally didn’t bring any real token demand. Banks don’t need to buy QNT to use this network. The news-driven fuel has already largely burned off.
On-chain signals are straightforward. Two massive “whales” that had been inactive for over 3 years transferred $9.93 million worth of QNT to exchanges during the pump. After 7 years, founder-linked wallets also moved $6.97 million. The whales are distributing; retail is the one buying the top—you know the script.
On the technical side, RSI pushed above 82—extremely overbought. $227 is a key level. If it breaks down, look to $165 and even $115.
My approach: when it rebounds into the 260–280 range, take a small-position short. Set the stop-loss above 300. Downside first target is 227.$QNT #QNT一周涨287%
First, the conclusion: short-term bias is bearish, but don’t get carried away.
After the TCH cooperation news came out, QNT surged from 60 to 373—more than triple in a week. The issue is that this rally didn’t bring any real token demand. Banks don’t need to buy QNT to use this network. The news-driven fuel has already largely burned off.
On-chain signals are straightforward. Two massive “whales” that had been inactive for over 3 years transferred $9.93 million worth of QNT to exchanges during the pump. After 7 years, founder-linked wallets also moved $6.97 million. The whales are distributing; retail is the one buying the top—you know the script.
On the technical side, RSI pushed above 82—extremely overbought. $227 is a key level. If it breaks down, look to $165 and even $115.
My approach: when it rebounds into the 260–280 range, take a small-position short. Set the stop-loss above 300. Downside first target is 227.$QNT #QNT一周涨287%
