It witnesses sharp growth of $QNT , followed by a strong breakdown; prioritize waiting for a bounce back to the resistance zone to enter a sell trade (Short).
Entry Point 1: 270 - current price zone
Entry Point 2: 285 - near the bounce / breakout-reversal zone
Entry Point 3: 310 - strong resistance (near the rejection of $320)
Take Profit:
TP1: 240 (quick scalp)
TP2: 210 (main target)
TP3: 170 (extended target - to fill the wick)
Stop Loss: 325 (strictly above the $320 wick)
Risk-to-Reward Ratio: 1:2.8+
⚠️ Risk Management (important):
Distribute the trade size equally across 3 entry points; the higher the price goes in the bounce, the better the short trade. Avoid chasing the price when it has already dropped deeply.
On-chain data shows that 73.8% of trading volume is wash trading—do not use high leverage.
If the daily close is above 325, the setup is invalid—exit.
This is not chasing; it’s a trap for late buyers.
Save this post. You’ll need it tomorrow.
Not financial advice. Do your own research.
#QNT #Quant #CryptoTrading #BinanceSquare #ShortSetup
Entry Point 1: 270 - current price zone
Entry Point 2: 285 - near the bounce / breakout-reversal zone
Entry Point 3: 310 - strong resistance (near the rejection of $320)
Take Profit:
TP1: 240 (quick scalp)
TP2: 210 (main target)
TP3: 170 (extended target - to fill the wick)
Stop Loss: 325 (strictly above the $320 wick)
Risk-to-Reward Ratio: 1:2.8+
⚠️ Risk Management (important):
Distribute the trade size equally across 3 entry points; the higher the price goes in the bounce, the better the short trade. Avoid chasing the price when it has already dropped deeply.
On-chain data shows that 73.8% of trading volume is wash trading—do not use high leverage.
If the daily close is above 325, the setup is invalid—exit.
This is not chasing; it’s a trap for late buyers.
Save this post. You’ll need it tomorrow.
Not financial advice. Do your own research.
#QNT #Quant #CryptoTrading #BinanceSquare #ShortSetup
