$QNT /USDT โ BEARISH BREAKDOWN IN PLAY ๐จ๐
๐ Technical Outlook:
$QNT is showing signs of bearish pressure, currently trading at $119.87 (-2.81%). Price has failed to hold above key moving averages (MA 7, 25, and 99), indicating weak momentum.
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๐ Key Levels to Watch:
๐ป Resistance Levels:
$122.86 โ Near-term resistance
$125.50 โ Intraday high / major resistance
๐ป Support Levels:
$118.74 โ Intraday low
$118.40 โ Major support zone (if broken, expect further drop)
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๐ Trade Setup โ SHORT ENTRY ๐ฅ
๐ผ Entry: $120.00 โ Retest and rejection zone
๐ฏ Target 1: $118.50
๐ฏ Target 2: $116.00
๐ Stop Loss: $122.30 โ Above key moving average cluster
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๐ก๏ธ Risk Management:
Risk only 1-2% of capital per trade. Use tight SL and scale out at TPs. Avoid over-leveraging and monitor price action around key support for reversal signs.
๐ Stay sharp, trade smart! ๐น๐
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