$QNT
š§ QNT/USDT ā Breakout Watch (Descending Channel Resistance)
š Timeframe: 4H
š° Current Price: $99.42
š Trend Context: Price has rallied strongly off the bottom of the descending channel and is now testing the upper boundary, signaling a potential breakout if bulls hold momentum.
š© Entry Plan:
š Entry Zone:
$98.50 ā $101.00
Entry near $100 is optimal if price consolidates and breaks above trendline
šÆ Take-Profit Targets:
šÆ TP1: $109.00
šÆ TP2: $118.00
šÆ TP3: $130.00
š”ļø Stop-Loss:
š» SL: $94.00 (below recent higher low and breakout zone)
āļø Risk-Reward Tip:
Entry: $100.00 | SL: $94.00
TP2: $118.00 ā Risk:Reward ā 3:1
š”ļø Move SL to breakeven after TP1
ā
Confirmation Triggers:
šø 4H candle close above $101.50
šø Retest of breakout with support
šø BTC above $68K or rising
š„ Signal Strength:
Medium-High