$QNT is bearish. The market structure shows lower highs (278 -> 270 -> 256) and lower lows (241 -> 220 -> 190). This is a clear downtrend.
· The current price (207) is below both EMAs => sellers are in control of the macro trend.
· Upward momentum faces strong resistance near the 215 area.
$QNT Short-selling plan (preferred)
· Condition: Wait for the price to pull back to the 4-hour EMA21 area and look for signs of rejection.
· Short entry: 213 - 215
· Stop loss: Above 218
· Take profit:
· TP1: 203 (1-hour EMA area)
· TP2: 195 (nearest support level)
· TP3: 191 (previous low at 190)
If you support me, trade here 👇#qnt #quant
· The current price (207) is below both EMAs => sellers are in control of the macro trend.
· Upward momentum faces strong resistance near the 215 area.
$QNT Short-selling plan (preferred)
· Condition: Wait for the price to pull back to the 4-hour EMA21 area and look for signs of rejection.
· Short entry: 213 - 215
· Stop loss: Above 218
· Take profit:
· TP1: 203 (1-hour EMA area)
· TP2: 195 (nearest support level)
· TP3: 191 (previous low at 190)
If you support me, trade here 👇#qnt #quant