#美国8月职位空缺降至五个月低点 QNT After accelerating to the top: go long or go short?
First, the conclusion: short-term bias is bearish, but don’t get carried away.
After the TCH cooperation news came out, QNT surged from 60 to 373—more than tripling in a week. The issue is that this rally didn’t bring any real token demand: banks don’t need to buy QNT just to use this network, and the news-driven fuel has mostly burned out.
On-chain signals are very straightforward. During the run-up, two dormant whales that had been idle for over 3 years moved $9.93 million worth of QNT to exchanges. The founder-linked wallet also moved $6.97 million after 7 years. The whales are distributing, retail is the bag-holder—this script is obvious.
Technically, RSI hit above 82, extremely overbought. $227 is the key level; if it breaks down, look to $165 and even $115.
My plan: on a rebound into the 260–280 range, open a small short position. Set the stop-loss above 300. For the downside, first watch 227.$QNT
First, the conclusion: short-term bias is bearish, but don’t get carried away.
After the TCH cooperation news came out, QNT surged from 60 to 373—more than tripling in a week. The issue is that this rally didn’t bring any real token demand: banks don’t need to buy QNT just to use this network, and the news-driven fuel has mostly burned out.
On-chain signals are very straightforward. During the run-up, two dormant whales that had been idle for over 3 years moved $9.93 million worth of QNT to exchanges. The founder-linked wallet also moved $6.97 million after 7 years. The whales are distributing, retail is the bag-holder—this script is obvious.
Technically, RSI hit above 82, extremely overbought. $227 is the key level; if it breaks down, look to $165 and even $115.
My plan: on a rebound into the 260–280 range, open a small short position. Set the stop-loss above 300. For the downside, first watch 227.$QNT
