$QNT $QNT
Professional Analysis for $QNT /USDT
Current Market Overview
Current Price: $82.6
24h High: $95.4
24h Low: $65.0
24h Volume (QNT): 590,397.85
24h Volume (USDT): $50.12M
Key Technical Levels
Resistance Levels
1. Resistance 1 (R1): $83.8
Minor resistance based on the depth near the current price.
2. Resistance 2 (R2): $95.4
24h high and significant resistance.
Support Levels
1. Support 1 (S1): $78.2
Near the 7-day moving average (MA).
2. Support 2 (S2): $70.3
Intermediate support based on prior lows and volume concentration.
Trading Strategy
Long Position
Entry Zone: $78–$80
Near the S1 level to maximize risk/reward.
Stop Loss: $75 (below S1).
Targets:
Target 1: $83.8 (near R1).
Target 2: $90 (approaching R2).
Short Position
Entry Zone: $83–$85
Near R1, expecting rejection.
Stop Loss: $88 (above R1).
Targets:
Target 1: $78 (near S1).
Target 2: $72 (approaching S2).
Technical Indicators
Moving Averages
MA(7): $78.2
Short-term support zone aligns with S1.
MA(25): $66.7
Suggests the long-term bullish trend remains intact.
Bollinger Bands
Upper Band: $95.0 (near R2).
Lower Band: $72.0 (approaching S2).
MACD & Momentum
MACD: Positive momentum for now, but a bearish crossover could indicate a correction.
Volume: High volume supports active trading and increased volatility.
Observations
1. The price is currently in a critical zone near the R1 level ($83.8). A breakout above this level could test $95.4.
2. If rejected at R1, expect a pullback to S1 ($78.2).
3. Maintain tight stop losses as volatility is high.
Risk Management
Risk/Reward Ratio: Maintain at least 2:1.
Use trailing stops for long positions to secure profits during rallies.
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