$QNT: Overbought Indicators Signal Impending Correction for $QNT
SHORT SETUP QNT
Entry: $218.400 - $219.000
Stop Loss: $226.700
Take Profit: $202.700 (2R)
Key Levels: Support $201.090 | Resistance $231.670
Technical Analysis for $QNT: The MACD sits below its signal with a negative histogram, and price rests under the 9, 21, 50 and 200EMA lines, confirming a strong downtrend currently. ADX at 40 signals a vigorous trend. Both RSI (31.9) and Stochastic (K 2.6) are deep in oversold territory, but the prevailing overall momentum remains bearish.
Market Context: BTC is slightly bearish over the last 24 hours (0.27 %) while 89.8 % of the market is red, indicating a broadly
SHORT $QNT
SHORT SETUP QNT
Entry: $218.400 - $219.000
Stop Loss: $226.700
Take Profit: $202.700 (2R)
Key Levels: Support $201.090 | Resistance $231.670
Technical Analysis for $QNT: The MACD sits below its signal with a negative histogram, and price rests under the 9, 21, 50 and 200EMA lines, confirming a strong downtrend currently. ADX at 40 signals a vigorous trend. Both RSI (31.9) and Stochastic (K 2.6) are deep in oversold territory, but the prevailing overall momentum remains bearish.
Market Context: BTC is slightly bearish over the last 24 hours (0.27 %) while 89.8 % of the market is red, indicating a broadly
SHORT $QNT