$QNT recorded a $6.10K short liquidation around $248.28, indicating that bearish positions were forced to close near this level. This can create temporary buying pressure, but it does not independently confirm a bullish market-structure shift. Watch for a confirmed break above nearby resistance and a successful retest before considering a long setup. Without live chart structure and volume data, this remains a conditional trade plan rather than a confirmed institutional entry.
đ Trade Plan
Bias: LONG â conditional
Entry: Breakout and retest of $248.30â$250.00
TP1: $253.00
TP2: $257.00
TP3: $262.00
SL: $245.50
Risk-to-Reward: Approximately 1:1 to 1:3.3, depending on entry and target.
Trade Grade: B â confirmation required
Trade Thesis: Short liquidations may support a relief move, but sustained buying volume and a bullish BOS are needed to validate continuation.
Risk Management: Wait for confirmation. Avoid chasing the breakout, and size the position according to the stop-loss distance.
đ Trade Plan
Bias: LONG â conditional
Entry: Breakout and retest of $248.30â$250.00
TP1: $253.00
TP2: $257.00
TP3: $262.00
SL: $245.50
Risk-to-Reward: Approximately 1:1 to 1:3.3, depending on entry and target.
Trade Grade: B â confirmation required
Trade Thesis: Short liquidations may support a relief move, but sustained buying volume and a bullish BOS are needed to validate continuation.
Risk Management: Wait for confirmation. Avoid chasing the breakout, and size the position according to the stop-loss distance.