Beautiful $QNT

Trend direction:

The general trend appears to have been bullish previously (highest level reached 171.7) but turned into a sideways trend slanted to the downside, especially after the sharp drop to 119.1.

The current yellow dots (SAR) are located above the candles, indicating the continuation of the downward trend in the short term

Buying opportunities:

Support levels:

Strong support level appears at 119.1 (the area from which the price previously rebounded).

If the price continues near 138.6 - 138.7 with the indicators remaining stable or bullish, this may be a suitable level for buying.

Buying support indicator:

RSI at 33.2 is close to the oversold area (close buying opportunity).

If positive signals appear such as RSI crossing upwards or MACD breaking the ascending line.

Selling opportunities:

Resistance levels:

The first resistance level is at 147.6 (according to the yellow dots). Strong resistance at the previous high level of 171.7.

Supporting indicators for selling:

If the price rises to resistance levels with the RSI reaching the overbought area (above 70).

If the MACD crosses negatively or the RSI breaks down.

Conclusion:

Current trend: The trend is tending to decline in the short term.

Buying opportunity: At the support level 138 - 135 with confirmation from technical indicators (RSI and monitoring momentum)Selling opportunity: At the resistance 147 - 150 with a stop loss to avoid a trend reversal.

It is preferable to follow the momentum and trading volume to ensure the validity of the trend before making a decision.