๐จ $QNT IS BOUNCING โ BUT IโM NOT BUYING HERE.
The latest closed H1 candle finished at $300.86.
QNT broke below $285.66 earlier, showing a bearish shift. Price later swept down to $273.35 and recovered, but the bigger problem is still there:
The highs keep getting lower: $327.79 โ $309.98 โ $302.46.
The latest bounce also came with average volume โ about 0.97ร the recent 20-hour average. Buyers have not clearly taken control yet.
โช NO CLEAR EDGE โ SKIP TRADE
Levels Iโm watching:
Resistance: $302.46โ$309.98
Support: $273.35โ$279.12
For a safer Long idea, I want an H1 close above $309.98, then a pullback that holds with stronger volume.
An H1 close below $273.35 would weaken the recovery.
There is no confirmed entry, SL or TP right now. Buying a green candle near resistance is just chasing.
Can buyers break $309.98โor will this bounce become another lower high? ๐
$QNT #Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed H1 candle finished at $300.86.
QNT broke below $285.66 earlier, showing a bearish shift. Price later swept down to $273.35 and recovered, but the bigger problem is still there:
The highs keep getting lower: $327.79 โ $309.98 โ $302.46.
The latest bounce also came with average volume โ about 0.97ร the recent 20-hour average. Buyers have not clearly taken control yet.
โช NO CLEAR EDGE โ SKIP TRADE
Levels Iโm watching:
Resistance: $302.46โ$309.98
Support: $273.35โ$279.12
For a safer Long idea, I want an H1 close above $309.98, then a pullback that holds with stronger volume.
An H1 close below $273.35 would weaken the recovery.
There is no confirmed entry, SL or TP right now. Buying a green candle near resistance is just chasing.
Can buyers break $309.98โor will this bounce become another lower high? ๐
$QNT #Wyckoff #SMC
Paper analysis only. Not financial advice.
