Crypto_Strategy

Golden opportunity for a short on $QNT ? Here’s the strategy!

$QNT

Technical analysis on 2-hour timeframe – QNT/USDT

The price reached 125.5 and then clearly retraced with a decline in buying momentum. The current candle is below the moving average, and the RSI has started to weaken, which enhances the likelihood of a drop.

$QNT

Futures strategy (15x): Smart short entry

Suggested entry point: 122.50 – 122.80
First target: 119.90
Second target: 117.50
Stop loss: 124.30
Risk to reward ratio: 2.5:1
Timeframe: Short-term – between 6 to 12 hours

#QNT

Reasons for entry:

Formation of reversal candles after a strong rise.

RSI at 50 and trending downwards.

MACD in a weak zone after a previous breakout.

Decrease in buying volumes and clear selling pressure.

Discussion question:

Do you expect QNT to break the $120 level in the coming hours?
Share your opinion or let us know your trades in the comments!

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I picked the price range and simultaneously analyzed wherever the price was rejected and finally I got a downside trade which was easily successful and next time I will trade keeping the price action in mind.