The $200 line has capped QNT since the Nov 5 flush. This morning it pushed through — and I'm watching whether it holds the second test.
The reclaim has receipts. Nov 5 flushed QNT −7.5% to a $185.93 low. Nov 6 closed +2.8% at $194.06. Then the 04:00 candle closed $201.11 on $2.99M, the day's biggest 4h bar, then pulled back to $197.89. Higher lows all week: $185.93, $186.64, $192.00. Yet QNT is flat on the week, −0.2% from the Nov 1 close. Not a breakout — a round trip back to where the flush started.
No announcement behind it — the bank-adoption chatter on social is unconfirmed, so it stays out of this read. Volume is thin at $11M a day. What kills this read: a daily close back under $194.06, the breakout base. Then the reclaim was just a wick.
Support $194.06, the Nov 6 close. Resistance $205.23, today's high, then $208.67, the Oct 31 high.
What convinces you the reclaim is real — a close above $205.23, or a second day holding $194?
NFA, DYOR.
$QNT #Quant #QNT #MarketStructure #Breakout
The reclaim has receipts. Nov 5 flushed QNT −7.5% to a $185.93 low. Nov 6 closed +2.8% at $194.06. Then the 04:00 candle closed $201.11 on $2.99M, the day's biggest 4h bar, then pulled back to $197.89. Higher lows all week: $185.93, $186.64, $192.00. Yet QNT is flat on the week, −0.2% from the Nov 1 close. Not a breakout — a round trip back to where the flush started.
No announcement behind it — the bank-adoption chatter on social is unconfirmed, so it stays out of this read. Volume is thin at $11M a day. What kills this read: a daily close back under $194.06, the breakout base. Then the reclaim was just a wick.
Support $194.06, the Nov 6 close. Resistance $205.23, today's high, then $208.67, the Oct 31 high.
What convinces you the reclaim is real — a close above $205.23, or a second day holding $194?
NFA, DYOR.
$QNT #Quant #QNT #MarketStructure #Breakout
