QNT just jumped back above $260… but is this the move traders were waiting for? 👀
QNT is preparing for a new scenario.
Rejection from the $300+ area and dropping toward $225 has allowed the price to recover. At the moment, the price is in the $255–$266 range, and today it managed to overcome the resistance once again. �
However, what attracts me more is the chart structure.
The big September long has brought QNT to the area of $373, but the market hasn’t been able to reclaim that level yet. Instead, price is trying to build a new base around the mid-$250s.
In my opinion, the key level is $250.
If QNT manages to hold above this level and move to $270–$278, then the next target will be the area of $300.
On the other hand, if the price fails to hold above $250, I would rather wait for the next attempt than buy the dump because lately, the volatility has been too high.
Thus, the main question is not “Will QNT rebound?”, since it has already done that. The main question is whether QNT will manage to make another long move in the future. 🔥
Will you go long on the breakout above $278, or will you wait for the price to consolidate?
#QNT/USDT #Quant $QNT
QNT is preparing for a new scenario.
Rejection from the $300+ area and dropping toward $225 has allowed the price to recover. At the moment, the price is in the $255–$266 range, and today it managed to overcome the resistance once again. �
However, what attracts me more is the chart structure.
The big September long has brought QNT to the area of $373, but the market hasn’t been able to reclaim that level yet. Instead, price is trying to build a new base around the mid-$250s.
In my opinion, the key level is $250.
If QNT manages to hold above this level and move to $270–$278, then the next target will be the area of $300.
On the other hand, if the price fails to hold above $250, I would rather wait for the next attempt than buy the dump because lately, the volatility has been too high.
Thus, the main question is not “Will QNT rebound?”, since it has already done that. The main question is whether QNT will manage to make another long move in the future. 🔥
Will you go long on the breakout above $278, or will you wait for the price to consolidate?
#QNT/USDT #Quant $QNT
