To start with we've got a daily chart attempt to go all the way to the top of this ascending channel with a TP of around $125
At the same time, there is a chance for a weekly chart break out. The base line (thick red) was acting as a resistance on a weekly but it looks like we can get a close above it ($107.7). It's difficult to stay realistic and pointing to such high TP's needs to be taken with a grain of salt but knowing QNT price action I think it's possible for this token to perform really well and just go up endlessly. I'm holding it hoping for a big swing. In the same time I'll watch it closely and maybe take some profits on the way up.
At the same time, there is a chance for a weekly chart break out. The base line (thick red) was acting as a resistance on a weekly but it looks like we can get a close above it ($107.7). It's difficult to stay realistic and pointing to such high TP's needs to be taken with a grain of salt but knowing QNT price action I think it's possible for this token to perform really well and just go up endlessly. I'm holding it hoping for a big swing. In the same time I'll watch it closely and maybe take some profits on the way up.
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Took small profit here as bitcoin seems to be preparing for it's last leg down
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middle of a channel confirmation/test after breaking it.
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Placed a buy order at 108. Gonna add back what I took off before. Btc plays the scenario out for now
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Qnt already being bought up. It's typical for this token to bounce quickly so may not get that order filled
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Bought back by hand
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Base line acted as support and if we can keep this pace then there is more momentum to come
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I think about adding to qnt. Seeing the same patterns I used to see on xrp but it may take some time to play out really well
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Placed a buy order at 106
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Added at 106.7
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Daily chart test of the cloud after the breakout
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I guess it's time to place a stop loss on this position. After adding to it my average entry price is at 102 so that's where my SL is. Below the cloud on a daily chart + we could not hold 107.7 but we still have a lot of time until this week closes so maybe it will start performing again. If not I'll assume the weekly chart breakout failed and may try to position myself lower
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I'll start building a spot bag in qnt. This thing is going to melt faces. Would be nice to see it go all the way to $85 to take liquidity out based on a monthly chart and open position with leverage there
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Just woke up to see that I got stopped out. Should not have happend as the price went a full dollar lower on bybit but liquidity is low there and maybe someone noticed lots of sl's there. Accumulating spot but out of position with leverage
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Had quite a big position there with over 500 qnts. Nice profit at some point but decided to keep it, hoping for a swing. Market messes with ur head when stuff like this happens and part of me wanted to chase that trade by reopening the position. Not gonna fall for that. Defence is the right approach and it's always better not to make money than to start giving it away by making emotional decisions. Maybe it will even allow me to get this thing cheaper
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Starting to add back to qnt. I will keep adding till 97.40 (last drop before we moved up) as we now trade in a clear range of the recent high and the mentioned bottom. If any of these gets broken then it will very likely continue in this direction
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Added for the second time. The only thing that I'll keep paying attention to unless we break the range mentioned before
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This consolidation on qnt is a time bomb
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Added more to qnt. Range being defended for now
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Added again same position size as before but better entry price. Low risk
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Qnt/usdt, fights to stay above the channel
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Qnt/btc respects the channel for now
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I'd say it's a good dip buy opportunity but we'll see
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Channel reclaimed. That might be it
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Got some more qnt
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Got stopped out on qnt when btc dumped. Missed the whole move so I couldn't scalp any longs
By the way that's the QNT/BTC daily chart. If we gonna play this channel out, then there is still a lot of potential in Quant