Short $QNT at 151.2–152.0 on the 4H. Watching for sellers here.
Trend structure still favors sellers at 152. I'll watch for a rejection. A close above 158 invalidates my idea.
SHORT 151.2–152.0
TP 147.9 / 145.5 / 141.8
SL 157.7
- 4H at 152, below the EMA50 at 171, sellers are in control.
- Risk 4.0% to SL vs 6.5% to TP3, that's 1.6R to the last target.
- 1H RSI at 54, momentum is neutral, a roll over could happen.
Is this the point where sellers step in?
Plan, not advice.
Trend structure still favors sellers at 152. I'll watch for a rejection. A close above 158 invalidates my idea.
SHORT 151.2–152.0
TP 147.9 / 145.5 / 141.8
SL 157.7
- 4H at 152, below the EMA50 at 171, sellers are in control.
- Risk 4.0% to SL vs 6.5% to TP3, that's 1.6R to the last target.
- 1H RSI at 54, momentum is neutral, a roll over could happen.
Is this the point where sellers step in?
Plan, not advice.
