Bearish $QNT
Entry: 189.62 – 191.34
Stop loss: 200.43
TP1: 178.80
TP2: 167.98
TP3: 157.16
TP4: 146.35
TP5: 135.53
The scariest thing about shorting isn’t taking a loss—it’s stubbornly holding on and getting carried away 🫠 Let’s look at the chart structure first ⚡
Price is generally trading below the short-term moving averages, and MACD has also dipped below its signal line, so the bearish structure is still intact. But RSI has only climbed to just under 50, suggesting the bulls and bears are still battling it out, with no extreme signals yet. Discipline is crucial at times like this—if your stop is hit, accept the loss. Don’t let “maybe it’ll come back if I wait a little longer” turn a small loss into a huge one. A bearish structure ≠ guaranteed profit; even if you get the direction right, poor entry timing can still hurt. 💭
This is not investment advice.
#QNT #PriceAction #CryptoTrading
Entry: 189.62 – 191.34
Stop loss: 200.43
TP1: 178.80
TP2: 167.98
TP3: 157.16
TP4: 146.35
TP5: 135.53
The scariest thing about shorting isn’t taking a loss—it’s stubbornly holding on and getting carried away 🫠 Let’s look at the chart structure first ⚡
Price is generally trading below the short-term moving averages, and MACD has also dipped below its signal line, so the bearish structure is still intact. But RSI has only climbed to just under 50, suggesting the bulls and bears are still battling it out, with no extreme signals yet. Discipline is crucial at times like this—if your stop is hit, accept the loss. Don’t let “maybe it’ll come back if I wait a little longer” turn a small loss into a huge one. A bearish structure ≠ guaranteed profit; even if you get the direction right, poor entry timing can still hurt. 💭
This is not investment advice.
#QNT #PriceAction #CryptoTrading