$QNT Banking narrative is still ongoing
The order book has also been hit with another knife
Spot is about 223
Per day about -21%
The daily high touched 290
The low was punctured down to 195
From the 373 high, it has already retraced by about four-tenths
The tokenized deposits storyline hasn’t disappeared
But the second cut after the parabola hurts more
A crowded long position is most likely to end up stepping on each other right at a place like this
I’m actually hesitant to buy in now
First, see who can take 195–220
If nobody can, don’t stubbornly hold on just because it says “banking”
#spot #QNT
The order book has also been hit with another knife
Spot is about 223
Per day about -21%
The daily high touched 290
The low was punctured down to 195
From the 373 high, it has already retraced by about four-tenths
The tokenized deposits storyline hasn’t disappeared
But the second cut after the parabola hurts more
A crowded long position is most likely to end up stepping on each other right at a place like this
I’m actually hesitant to buy in now
First, see who can take 195–220
If nobody can, don’t stubbornly hold on just because it says “banking”
#spot #QNT
