$QNT: WAIT - price sits near the floor but no buy signal yet.
What happened: price fell to 154.14 and held there three times, now at 156.57. Bitcoin keeps making new lows, so this is a bounce try only.
Entry: 154.22, only if price dips under 154.14 then a 4 hour candle closes back above.
Stop loss: 151.82, 1.56 pct below entry.
Target 1: 168.48, gives 5.0 times the risk.
Target 2: 182.82, gives 10.1 times the risk.
Avoid shorting into the floor, support held three times below.
What cancels the idea: a 4 hour candle closes below 151.82. A held break over 182.82 also ends it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: price fell to 154.14 and held there three times, now at 156.57. Bitcoin keeps making new lows, so this is a bounce try only.
Entry: 154.22, only if price dips under 154.14 then a 4 hour candle closes back above.
Stop loss: 151.82, 1.56 pct below entry.
Target 1: 168.48, gives 5.0 times the risk.
Target 2: 182.82, gives 10.1 times the risk.
Avoid shorting into the floor, support held three times below.
What cancels the idea: a 4 hour candle closes below 151.82. A held break over 182.82 also ends it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
