$QNT Pressure Cooker Breakout Tight Coils, Big Moves Ahead ...
$QNT is compressing in a tight consolidation range just below the key resistance at 102.08. This kind of setup often precedes a breakout as price coils with higher lows, suggesting building bullish pressure.
đ Long Trade Setup
Entry Zone: 100.00 â 100.30
TP1: 102.50
TP2: 105.00
Stop Loss: 97.80
Strategy Insight:
The structure resembles a symmetrical triangle breakout attempt. Volume remains steady, and the previous support at 97.30 held strong. A push above 102.00 may ignite follow-through buying. Look for confirmation with bullish candles and increasing volume near breakout level.