$QNT — I SAID IT BEFORE: DON’T SHORT THE MOMENTUM!
$QNT has delivered an extraordinary move. After trading near $60, the rally accelerated aggressively, with price reportedly pushing toward the $375 area.
There is a fundamental catalyst behind QNT, but a move of this magnitude can also be driven by momentum, liquidity, short liquidations and speculation. That’s exactly why trying to short a rapidly rising market can be extremely dangerous.
At these elevated levels, I’m no longer interested in chasing the pump. I’m watching the next candles closely for signs of exhaustion, rejection and a confirmed change in structure before considering a bearish setup.
Never short simply because something looks “too high.” Wait for confirmation.
Personal analysis only. NFA. DYOR.
#QNT #Quant #CryptoTrading #Altcoins #BinanceSquare
$QNT has delivered an extraordinary move. After trading near $60, the rally accelerated aggressively, with price reportedly pushing toward the $375 area.
There is a fundamental catalyst behind QNT, but a move of this magnitude can also be driven by momentum, liquidity, short liquidations and speculation. That’s exactly why trying to short a rapidly rising market can be extremely dangerous.
At these elevated levels, I’m no longer interested in chasing the pump. I’m watching the next candles closely for signs of exhaustion, rejection and a confirmed change in structure before considering a bearish setup.
Never short simply because something looks “too high.” Wait for confirmation.
Personal analysis only. NFA. DYOR.
#QNT #Quant #CryptoTrading #Altcoins #BinanceSquare
