Short $QNT /USDT · Trend: SHORT (Exhaustion after price pump & distribution at the top)
Price has gone through a hot rally of over 45% to a peak of 373.00, then was quickly heavily sold off! The 15m timeframe candlestick structure has continuously formed lower highs, the rebound buying force has clearly weakened, signaling that the free-fall momentum is likely to continue toward deeper support zones below! 🔻📉
Trading plan:
Position: SHORT
Entry Zone: 233.00 – 240.00
Stop Loss (SL): 255.00 (Above the most recent local rebound high)
Take Profit (TP):
TP1: 220.00 (Nearest psychological support level)
TP2: 200.00 (Important round-number support)
TP3: 180.00 (Accumulation base zone before the pump)
TP4: 160.00 (Re-test of the 24h bottom area around 157.33)
Price has gone through a hot rally of over 45% to a peak of 373.00, then was quickly heavily sold off! The 15m timeframe candlestick structure has continuously formed lower highs, the rebound buying force has clearly weakened, signaling that the free-fall momentum is likely to continue toward deeper support zones below! 🔻📉
Trading plan:
Position: SHORT
Entry Zone: 233.00 – 240.00
Stop Loss (SL): 255.00 (Above the most recent local rebound high)
Take Profit (TP):
TP1: 220.00 (Nearest psychological support level)
TP2: 200.00 (Important round-number support)
TP3: 180.00 (Accumulation base zone before the pump)
TP4: 160.00 (Re-test of the 24h bottom area around 157.33)
