Yello, Paradisers! Are you ready for what might be a significant move in #QNTUSDT? Let's look at the latest analysis and see what's happening:
💎Currently, #QNT is compressed within a falling wedge pattern, a classic bullish reversal signal. But what makes us confident in an upcoming breakout? It's the combination of increasing trading volume and improving macro market sentiment.
💎However, there's always a plan B in trading. If #Quant gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $61-$64. This level has consistently provided strong support and is rich with liquidity.
💎Should QQNT fail to bounce back from the $61-$64 support, our eyes will be on the next critical level at $54.8. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
💎But remember, if #QNT breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
Always remember to strive for consistency, not quick profits.
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.