Take a look at $QNT . Don’t be fooled by this 4-hour rebound—the real situation isn’t so optimistic.
Look at the data: 463 shorts, with an average entry price of 231, have made over 1.6 million U; there are only 163 longs, with an average entry price of 221, stubbornly holding on to losses of 400,000. Shorts are overwhelmingly ahead in both numbers and profits.
Look at the chart: the daily trend is sharply downward. This small 4-hour rebound is just an oversold correction, and there’s a wall of trapped buyers overhead. With shorts making this much money, why would the whales spend real money pumping the price just to bail you out? This rebound is most likely a bull trap.
My take: Absolutely don’t chase longs—short the rebound!
Wait for it to spike to around 205–210, then open short positions in batches. Set your stop at 215. First target: a retest of 190; if it breaks below that, look toward the previous low of 173. $QNT
Look at the data: 463 shorts, with an average entry price of 231, have made over 1.6 million U; there are only 163 longs, with an average entry price of 221, stubbornly holding on to losses of 400,000. Shorts are overwhelmingly ahead in both numbers and profits.
Look at the chart: the daily trend is sharply downward. This small 4-hour rebound is just an oversold correction, and there’s a wall of trapped buyers overhead. With shorts making this much money, why would the whales spend real money pumping the price just to bail you out? This rebound is most likely a bull trap.
My take: Absolutely don’t chase longs—short the rebound!
Wait for it to spike to around 205–210, then open short positions in batches. Set your stop at 215. First target: a retest of 190; if it breaks below that, look toward the previous low of 173. $QNT
