QNT is currently sitting on a strong support around $112, but could test a stronger support level down at the $106 area. Obviously this would be the best level for taking a position, but also dont want to miss an entry at the current S/R level. Im going to enter pending the next 1HR candle close (possibly longer depending on volume). Recent highs have tested resistance at $132 but could not push through. QNT may range in this zone for awhile as it has over the past few months. This opens up potential for scalps and short time frame S/L positions. (Note: This is not financial advise)
Note
QNT Bounced right off the $112 support and is rising. Currently at $117.85
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