🚀$QNT Technical Setup – Potential Recovery Underway🤔🔐👇
🔍 Chart Analysis:
After facing a sharp decline below the 50 EMA on the 1H chart, $QNT has shown a short-term bounce from the $114.00 demand zone. RSI on the 1H has crossed back above 46.62, indicating early signs of momentum revival, though still under 50.
👉 On the 4H chart, $QNT is hovering just above the 50 EMA ($114.29), with price action forming a potential higher low structure around $114. This could signal an attempt to reclaim upward structure if bulls maintain strength above $114.60.
🧠 Bullish Trading Strategy Plan:
🎯 Entry Zone: $114.40–$114.50
🎯 Targets:
• TP1: $116.80
• TP2: $119.00
• TP3: $122.00 (only if price flips resistance cleanly)
🛡️ Stop Loss: Below $113.40
📈 Risk:Reward – ~1:2.5 on TP2
💡 Confirmation Criteria:
• RSI should hold above 50 on both 1H & 4H
• Price needs to reclaim 4H 50 EMA ($114.29) as support
• Increasing volume on 1H green candles would strengthen the breakout
📌 Market Thinking:
Buyers are cautiously stepping in after short-term selling exhaustion. The current candle structure suggests consolidation near a pivotal level. If bulls defend the $114 level, it could form the base for a controlled recovery toward $119+. But any failure below $113.40 may flip momentum bearish again.
🧠 Pro Tip:
Wait for a clean retest confirmation near the 50 EMA before jumping in. Avoid FOMO and let the 15M/30M candle confirm the trend with volume and RSI > 50.
🧭 "Don’t react emotionally to every dip or wick. Respond only to confirmation and consistency." 🧘♂️
⚠️This is not financial advice. Always DYOR and manage your risk properly. Use stop-loss and trade according to your strategy.
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