🚨 QNT/USDT: Is the Drop Over? Deep Dive into the Charts!

Market Outlook: Quant (QNT) is currently in a bearish phase on both short and medium-term timeframes, having broken down from a rising trend channel. After a period of decline, the price is testing a crucial support level near $104–$105.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed bounce and candle close ABOVE the $108.50 resistance zone on a higher timeframe (e.g., 4H or Daily) with significant volume. This would invalidate the bearish pressure and signal a potential reversal.

💰Targets: $109.50, $111.00, and potentially toward the previous resistance around $112.50.

🛑Stop Loss: Below the bounce candle's low or below the nearest significant support at $104.00.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the key support level of $104.00 with a high-volume closing candle on a higher timeframe. This would confirm a continuation of the bearish trend.

💰Targets: $102.50 and towards the longer-term consolidation base.

🛑Stop Loss: Above the swing high of the breakdown candle or above the recent consolidation high at $106.00.

Your Action Plan:

01 - Wait for Confirmation: Do not enter a trade until a clear breakout or breakdown is confirmed by a candle close on your chosen timeframe. The current consolidation demands patience.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential for managing risk, especially with highly volatile assets like QNT.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, given the inherent risks and the current market volatility.

📢 What are your thoughts?

Vote: Do you think QNT will break out of its current consolidation to the upside or fall back toward previous lows?

Breakout to Higher Highs

Fall Back to Lows

Comment: Share your analysis below!