QNT is about to pump #trading #shorts

30 Jun 2023 · 1 min

Watch on YouTube

0:44

In this YouTube short, the speaker outlines a short-term trading strategy for Quant (QNT) based on technical analysis. The approach begins with identifying a break of structure on the daily chart, marked by a candle body closing above recent highs, which may signal an order block. If an order block is not evident, the speaker suggests drawing a Fibonacci retracement from the swing low to the swing high and targeting retracement zones at the 0.5, 0.618, or 0.705 levels. The recommended entry is near the current price, with a stop‑loss placed around $101 (or a more conservative $98.4) to invalidate the trade if breached. The target is set at the untapped 1‑day buy‑side liquidity around $145.50, representing an expected ~38% gain and a 10R risk‑to‑reward ratio. The clip focuses on entry, stop, target placement, and risk management for this specific QNT trade setup.

Chapters

QNT. Firstly is you get a break of structure above these candle body highs on the daily chart. The moment you get a candle body close above these daily chart candles, you're probably going to see some form of an order block either here or here. And if you can't find that, what you need to do is you just draw a fib from swing low to whichever the swing high is and just look for any retracement level between the 0.5, 618, or even the 705. My entry would be just right here at current prices, and I'm going to put a stop at about, you know, 101. Or if you want to be safe, I could put it at 98.4, because if price comes back to 98.4, then, you know, it's invalidated. But for me, in this case, 101 works just fine. So the target for this is gonna be again at the untapped 1-day buy side liquidity, which is at about $145.50. And this is going to give you about 38% return with about 10R.