Setup: QNT Short - Potential Downward Trend

QNT / USDT — Short Setup

Trade Parameters:

  • Direction: Short
  • Entry Zone: $215-$219
  • Targets:
    - Target 1: $195
    - Target 2: $186
  • Stop Loss: $243

Technical Rationale (Logic):

  • Price broke support after a growth of more than 400% toward the end of September.
  • Potential transition to a downward trend following a distribution phase.

Risk/Invalidation:
Invalid if price closes above $243

! DYOR (Do Your Own Research)