$QNT /USDT – Downtrend Signal for Short Trade Idea
Current Price: $127.25
Today’s Change: +8.03%
Volume: 89,192 QNT
Category: Infrastructure | Gainer
Why Consider Shorting QNT?
QNT is moving in a clear downtrend after hitting resistance near $133. The price has been falling steadily and is now struggling to hold above $127. Sellers are in control, and lower highs are forming. If it breaks below $126.80, further drop is likely.
Key Price Levels to Watch
Resistance (Price may stop rising): $128.50 and $130.00
Support (Price may fall to): $126.00 and $124.20
Trade Plan (Short Setup)
Sell Between: $127.20 – $127.80
Stop Loss: Above $128.60
Target 1: $126.00
Target 2: $125.40
Target 3: $124.00
Summary
QNT is showing continuous weakness with no strong buyer reaction. The chart is forming a clean downtrend with lower highs and lower lows. If price breaks below $126.80, momentum may increase. A good short setup for both spot and futures traders. Watch for confirmation.