QNT is down — but down is not the same as cheap.
252.14 · -13.64% 24h · Vol 103M USDT.
QNT rises thanks to volatility and liquidity; the specific news isn’t clear enough yet, so I read the chart first.
I haven’t assigned a story too early; for now, I’m only looking at volume, the price zones, and the reaction after the move. Down -13.64% — selling pressure is clearly winning. Catching the bottom looks good only when selling pressure runs out and volume contracts around 241.78; if I don’t see that yet, waiting is safer.
The best “buy the dip” is when selling pressure is exhausted, not when the chart just looks "cheap." I’ll wait for a clear reaction at 241.78 before thinking about an entry point.
Buying the dip or waiting it out?
#QNT #RiskManagement #Crypto
252.14 · -13.64% 24h · Vol 103M USDT.
QNT rises thanks to volatility and liquidity; the specific news isn’t clear enough yet, so I read the chart first.
I haven’t assigned a story too early; for now, I’m only looking at volume, the price zones, and the reaction after the move. Down -13.64% — selling pressure is clearly winning. Catching the bottom looks good only when selling pressure runs out and volume contracts around 241.78; if I don’t see that yet, waiting is safer.
The best “buy the dip” is when selling pressure is exhausted, not when the chart just looks "cheap." I’ll wait for a clear reaction at 241.78 before thinking about an entry point.
Buying the dip or waiting it out?
#QNT #RiskManagement #Crypto