$QNT — A BIG PULLBACK, BUT I WON’T CATCH A FALLING KNIFE
QNT/USDT is around $165.91, up about 1.22% today. It is bouncing after losing the $183–$190 support, but the broader structure remains bearish after the huge September rally.
I’m interested—but I won’t chase the bounce or call a bottom without confirmation.
Key levels
Resistance: $183–$190, then $200–$205
Support: $163, then $150–$152
Major invalidation: daily close below $142
My plan
Support-bounce long:
Watch zone: $150–$152
Confirmation: bullish reaction candle and higher low
Entry reference: about $152
Stop-loss reference: $142
TP1: $167, about 1.5R
TP2: $187, about 3.5R
Reclaim long: wait for a daily close above $190, then a successful retest.
Entry reference: $191.
Stop reference: $178.
TP1: $211, about 1.5R.
TP2: $232, about 3.2R.
Breakdown scenario
A daily close below $163, followed by a failed retest, cancels the bounce idea.
Short entry reference: $162.
Stop reference: $172.
TP1: $147, about 1.5R.
TP2: $137, about 2.5R.
My message
QNT had a massive run but big moves can unwind just as fast.
I’m waiting for either a clean bounce from $150–$152 or a confirmed reclaim above $190.
#QNT #Quant #SpotTrading #CryptoTrading #BinanceSquare
QNT/USDT is around $165.91, up about 1.22% today. It is bouncing after losing the $183–$190 support, but the broader structure remains bearish after the huge September rally.
I’m interested—but I won’t chase the bounce or call a bottom without confirmation.
Key levels
Resistance: $183–$190, then $200–$205
Support: $163, then $150–$152
Major invalidation: daily close below $142
My plan
Support-bounce long:
Watch zone: $150–$152
Confirmation: bullish reaction candle and higher low
Entry reference: about $152
Stop-loss reference: $142
TP1: $167, about 1.5R
TP2: $187, about 3.5R
Reclaim long: wait for a daily close above $190, then a successful retest.
Entry reference: $191.
Stop reference: $178.
TP1: $211, about 1.5R.
TP2: $232, about 3.2R.
Breakdown scenario
A daily close below $163, followed by a failed retest, cancels the bounce idea.
Short entry reference: $162.
Stop reference: $172.
TP1: $147, about 1.5R.
TP2: $137, about 2.5R.
My message
QNT had a massive run but big moves can unwind just as fast.
I’m waiting for either a clean bounce from $150–$152 or a confirmed reclaim above $190.
#QNT #Quant #SpotTrading #CryptoTrading #BinanceSquare
