$QNT / USDT SHORT SETUP Heavy Rejection After Parabolic High
$QNT touched a massive high of $374.50 and faced heavy rejection from the top. After the giant wick, price is struggling to hold the upper levels and is now in fast sell-off mode.
Why Shorting Makes Sense Here?
Blow-off Top & Exhaustion: After the $374 high, buyers look exhausted and heavy profit-taking has started.
New Strong Resistance: The $280 – $300 zone is now acting as strong resistance where sellers could put heavy pressure.
Pullback Target: After this massive pump, a healthy correction could drag price toward $230, $200 and the key base support at $170.
Trade Setup $QNT / USDT SHORT:
EP: $260 – $270
TP1: $230
TP2: $200
TP3: $170
SL: $300
$QNT touched a massive high of $374.50 and faced heavy rejection from the top. After the giant wick, price is struggling to hold the upper levels and is now in fast sell-off mode.
Why Shorting Makes Sense Here?
Blow-off Top & Exhaustion: After the $374 high, buyers look exhausted and heavy profit-taking has started.
New Strong Resistance: The $280 – $300 zone is now acting as strong resistance where sellers could put heavy pressure.
Pullback Target: After this massive pump, a healthy correction could drag price toward $230, $200 and the key base support at $170.
Trade Setup $QNT / USDT SHORT:
EP: $260 – $270
TP1: $230
TP2: $200
TP3: $170
SL: $300
