$QNT /USDT – Bearish Retracement in Progress!

Momentum Analysis: The QNT/USDT pair is currently experiencing a downtrend, showing a 6.64% drop, with price approaching key support levels around $98.1. With a 24h low at $98.1, the price seems to be facing a short-term bearish retracement, potentially reaching $97.8. The drop has reduced the volatility but keeps the range intact, indicating possible consolidation before further moves.

Long Setup:

Entry Zone: $99.0

Targets:

T1: $101.5

T2: $102.5

T3: $103.5

Stop Loss: $97.8

Breakout Confirmation Level & Key Support:

Breakout Confirmation: $103.0 (if the price breaks above this level, it could trigger a reversal to the upside).

Key Support: $98.1 and $97.8

Pro Tip for Traders: Consider waiting for price action confirmation at support zones before entering long positions to avoid potential further downside. Watch for breakout signals for confirmation of trend reversal.

Relevant Hashtags: #QNT #USDT #CryptoAnalysis #BearishRetracement #CryptoTrading