$QNT / USDT – Consolidating After a Run-Up! ⏳

$QNT is currently trading at $74.5, showing a slight gain of +0.40%. The 4-hour chart indicates that the price has been consolidating after a significant upward move earlier in the week. It's currently trading within a relatively tight range.

Potential Scenario:

Observation: After a strong bullish push, $QNT appears to be taking a breather. This consolidation phase could lead to either a continuation of the uptrend or a potential pullback.

Possible Trade Considerations (Monitor for Breakout):

Entry: Consider potential entries on a clear breakout above the consolidation range, perhaps above $75.0 with increasing volume. Alternatively, look for support to hold around the $74.0 level for a potential bounce.

Target 1: $75.5

Target 2: $76.5

Final Target: $77.5+ (testing recent highs)

Stop Loss: Place a stop-loss below the consolidation range, perhaps around $73.5, to manage risk.

Key Observation: Watch for a decisive break out of the current range with strong volume to determine the next direction. The overall bullish momentum from the past few days suggests a potential for further upside if the consolidation resolves upwards.

Remember to conduct your own thorough analysis before making any trading decisions.

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