$QNT At the start of today’s session, QNT has seen very deep pullbacks from the peak area to around $195. However, after Bitcoin formed a temporary bottom zone, the price bounced back to around $253—a very impressive increase in a very short period, indicating strong dip-buying momentum. After this quick rebound, the price is currently consolidating; current data shows that new position openings are decreasing, suggesting investors may be concerned that the price is experiencing high volatility. Current data also indicates that the Sell side is dominating in terms of positions, the long/short ratio, and fund flows.
In the upcoming intervals, my bias is toward the possibility of bounces and “wick” moves to sweep liquidity.
$QNT