$QNT This string is interesting—going from $QNT .25 to $QNT .5 intraday, the amplitude is close to 138%, yet the close lands at $QNT .3. This suggests that the buy orders at the higher level didn’t hold: after the bulls pulled up, price got pushed back under resistance.
Turnover is 2.64 billion and volume is 11.35 million. For a coin that originally had relatively thin liquidity, that amount of volume is unusual—but note that heavy volume at the highs with a long upper wick often signals short-term distribution.
Structurally, between $QNT and $QNT there will likely form a short-term high-density trading zone. If $QNT breaks down, the psychological level will confirm the pullback. To the upside, $QNT is the level that was hit back today; only a breakout gives a chance to retest the previous high. The stop-loss is placed below $QNT . First, watch for a pullback and confirmation around $QNT . If you’re going to take the trade, wait until price holds above $QNT before discussing it further. The target is $QNT .
Open your own account and calculate—does the distance from the stop-loss at $QNT to $QNT give you enough room relative to your risk budget for this trade?
#QNT
Turnover is 2.64 billion and volume is 11.35 million. For a coin that originally had relatively thin liquidity, that amount of volume is unusual—but note that heavy volume at the highs with a long upper wick often signals short-term distribution.
Structurally, between $QNT and $QNT there will likely form a short-term high-density trading zone. If $QNT breaks down, the psychological level will confirm the pullback. To the upside, $QNT is the level that was hit back today; only a breakout gives a chance to retest the previous high. The stop-loss is placed below $QNT . First, watch for a pullback and confirmation around $QNT . If you’re going to take the trade, wait until price holds above $QNT before discussing it further. The target is $QNT .
Open your own account and calculate—does the distance from the stop-loss at $QNT to $QNT give you enough room relative to your risk budget for this trade?
#QNT