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