$QNT adjustment moving back to around $292 after checking $328, but the uptrend on the 4H timeframe is still in effect.
You may consider trying a short position here. I'm staying out of the trade. RSI around the 65 level suggests momentum is cooling, but a bearish reversal has not been confirmed yet.
If price breaks down below $280, the correction scenario will be strengthened and could target $256. Above $328, the bulls will have another chance to challenge the $374.50 level.
After such a strong rally, I want confirmation before betting against the bulls.
You may consider trying a short position here. I'm staying out of the trade. RSI around the 65 level suggests momentum is cooling, but a bearish reversal has not been confirmed yet.
If price breaks down below $280, the correction scenario will be strengthened and could target $256. Above $328, the bulls will have another chance to challenge the $374.50 level.
After such a strong rally, I want confirmation before betting against the bulls.
