$QNT loses the 190 level. There are two possible scenarios next:
① It bounces but fails to reclaim 190 → the level turns into resistance, with the 24h low at 185.93 as the first downside target.
② It quickly reclaims 190 → this move looks more like a wick, and short positions could easily get squeezed.
I’m personally paying more attention to the support on the first bounce.
① It bounces but fails to reclaim 190 → the level turns into resistance, with the 24h low at 185.93 as the first downside target.
② It quickly reclaims 190 → this move looks more like a wick, and short positions could easily get squeezed.
I’m personally paying more attention to the support on the first bounce.