$QNT A BULL TRAP IS FORMING!!!! BE CAREFUL WITH YOUR LONG POSITION!!
A short sideway phase was happening after strong down phase, $QNT price is reversing right now and going back to the nearest top to claim Long Liquidation (you can look at where it is, Liquidity space).
But dont confuse this with a bullish momentum continuation. This bounce is actually just a short liquidation sweeping (Mainly retail like us) before it execute the real movement. Every data is showing that long flow still dominates the TOP TRADER LONG/SHORT ratio, which mean many retails are opening long position rn.
The Long/Short Ratio of $QNT is oposite, this represents the actual cash flow, showing the most of money flow is leaning towards short side. Not a normal thing, when a situation like now appears, the price will reverse soon.
So, I dont prefer to open more Long Order right now and just want to tell you guys to close a part or all of your Long position and prepare for the next movement.
#QNT
A short sideway phase was happening after strong down phase, $QNT price is reversing right now and going back to the nearest top to claim Long Liquidation (you can look at where it is, Liquidity space).
But dont confuse this with a bullish momentum continuation. This bounce is actually just a short liquidation sweeping (Mainly retail like us) before it execute the real movement. Every data is showing that long flow still dominates the TOP TRADER LONG/SHORT ratio, which mean many retails are opening long position rn.
The Long/Short Ratio of $QNT is oposite, this represents the actual cash flow, showing the most of money flow is leaning towards short side. Not a normal thing, when a situation like now appears, the price will reverse soon.
So, I dont prefer to open more Long Order right now and just want to tell you guys to close a part or all of your Long position and prepare for the next movement.
#QNT
