Market Movement Analysis for QNT/USDT
$QNT Trend Overview: The QNT/USDT chart shows a clear uptrend after a significant dip to $83.9, followed by a strong recovery reaching a peak of $112.4. This indicates bullish momentum.
Parabolic SAR: The Parabolic SAR (yellow dots) suggests a trend reversal is forming, as dots are now appearing above the price candles, signaling potential bearish pressure.
Resistance & Support:
Resistance: The recent high at $112.4 acts as a major resistance level.
Support: A strong support is around $100, with another key level at $94.
Volume Analysis: Volume appears to have surged during the upward movement, confirming strong buying interest.
Next Movement Prediction
Given the current pullback from $112.4, QNT might see a retracement towards the $100-$104 region before deciding its next direction.
If it holds support above $100, a bullish continuation towards $115+ is possible.
If it breaks below $100, we may see further downside towards $94-$96.
Trading Signal
Short-Term Strategy:
Buy Entry: Look for entry near $100-$104 with a stop-loss at $98.
Target 1: $110
Target 2: $115
Stop-Loss: $98
Short-Term Sell (if breakdown occurs):
Sell Entry: Below $100
Target: $94-$96
Stop-Loss: $104
Profit Opportunity
Long trade potential: 5-10% profit
Short trade potential: 4-6% profit
Final Conclusion:
Bullish bias unless QNT breaks below $100.
Watch for volume confirmation before entering any trade.
Would you like further indicators like RSI or MACD for confirmation? 🚀
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