[Left-Left Market Flash] ⚠️ QNT broke out for just one day before dropping back again — was it a false breakout after all?
Last night’s post said: 212.87 needs to flip from resistance into support, and if the 1-hour candle closes back below 212, you should watch out for a fake breakout. As a result, the hourly candle at 21:00 closed directly at 211.54, and it never got back above that level afterward (Binance spot).
Today at 15:00, it rebounded with volume to 213.00, with 3.14M U in hourly turnover, just touching 212.87 before getting pushed back down. Current price: 199.7, 24H -8.2%, down 10.8% from yesterday’s high of 223.96.
What to watch next:
① If today’s low at 196.53 fails to hold, look lower to yesterday’s breakout point at 187.79
② Only if 1 hour reclaims 213 will the false breakout be considered repaired
③ Today’s turnover was 12.6M U, only one-third of yesterday’s 36.2M U — don’t treat a rebound without volume as a reversal yet
Would you buy the dip on this move, or wait for 187? 👇
#QNT #Quant #Left-Left Market Flash
$QNT
Last night’s post said: 212.87 needs to flip from resistance into support, and if the 1-hour candle closes back below 212, you should watch out for a fake breakout. As a result, the hourly candle at 21:00 closed directly at 211.54, and it never got back above that level afterward (Binance spot).
Today at 15:00, it rebounded with volume to 213.00, with 3.14M U in hourly turnover, just touching 212.87 before getting pushed back down. Current price: 199.7, 24H -8.2%, down 10.8% from yesterday’s high of 223.96.
What to watch next:
① If today’s low at 196.53 fails to hold, look lower to yesterday’s breakout point at 187.79
② Only if 1 hour reclaims 213 will the false breakout be considered repaired
③ Today’s turnover was 12.6M U, only one-third of yesterday’s 36.2M U — don’t treat a rebound without volume as a reversal yet
Would you buy the dip on this move, or wait for 187? 👇
#QNT #Quant #Left-Left Market Flash
$QNT
