$QNT /USDT ā EXTREMELY OVERBOUGHT, BUT BULLS IN CONTROL šā ļø
The pair $QNT /USDT is trading at $115.82 (+6.03%), breaking through multiple resistance levels and maintaining strong bullish momentum. Price is well above all key EMAs, and MACD supports upward continuation. However, RSI(6) at 88.25 suggests the asset is deep in overbought territory ā a pullback or consolidation could be imminent.
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š TECHNICAL SNAPSHOT
ā EMA(7): 114.70
ā EMA(25): 113.70
ā EMA(99): 113.31
š MACD: 0.25 (Positive crossover, strong momentum)
ā ļø RSI(6): 88.25 ā Extremely overbought
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š KEY LEVELS
š¼ Resistance Zone:
$116.12 (24h High)
$117.50ā$118.00 (psychological & extended resistance zone)
š½ Support Zone:
$114.70 (EMA7 ā first pullback level)
$113.30ā$113.70 (EMA99 & EMA25 ā stronger support)
$111.37 (recent pivot)
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š TRADE IDEA ā WAIT FOR RETEST OR MANAGE TIGHTLY
š Entry (Buy on Dip): $113.70ā$114.50
šÆ TP1: $116.00
šÆ TP2: $117.80
š SL: $111.90 (below EMA99 & structural support)
OR
š Short-term Countertrend (High Risk):
Entry: $116.00ā$116.20
šÆ TP: $114.00
š SL: $117.00
(for experienced traders only, due to RSI extremes)
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š RISK MANAGEMENT
Avoid overleveraging ā RSI this high often precedes volatility spikes
Consider trailing stop if
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