🚨$QNT /USDT market! 📉 Based on your analysis, here’s a quick recap of the current situation and some additional insights:#QNT

Current Market Overview:

Price: $99.15 (+0.79%)

Resistance Level: $100.23

Bearish Pressure: Indicated by a reversal candle on the 30-minute chart.

Volume: Decreasing, suggesting potential downside.

Short Trade Setup:$QNT

Entry Zone: $99.00 – $100.00

Take Profit 1 (TP1): $97.70

Take Profit 2 (TP2): $96.40

Stop Loss: $101.00

Key Insights:

Psychological Resistance: The $100 level is crucial; rejection here can lead to significant price movements.

Momentum Weakening: As you noted, the weakening momentum could indicate a pullback is imminent.

Volume Trends: A drop in volume often precedes price corrections, so keeping an eye on this is wise.

Pro Tip:

Manage Your Stops: Given the volatility around psychological levels, adjusting your stop loss can help mitigate risks.

How are you planning to execute your trade? Do you have any specific strategies in mind for managing your position? $QNT