Possible Scensrio 1 (70% Chance)
Well as you can see QNT is inside a horizondal triangle. The sellers are putting more and more pressure. Whenever it touches the Resistaance line of this triangle, sellers take place to send it to the support level again. This is the first possible scenario about the next move.
If it reaces the 200 resistance line as well as the triangle resistance line an then if it gets a rejction like before, then we can enter a short trade at 198 and te stop loss can be 205. But 212 can also be a stop loss. It depends on you, but 212 will be a safe stoploss.
The first target will be 186 and the 2nd target will be 180.
The risk in this trade is around 35% (medium) so always do your own personal analysis.
I will be publishing another possible scenario next.
If it reaces the 200 resistance line as well as the triangle resistance line an then if it gets a rejction like before, then we can enter a short trade at 198 and te stop loss can be 205. But 212 can also be a stop loss. It depends on you, but 212 will be a safe stoploss.
The first target will be 186 and the 2nd target will be 180.
The risk in this trade is around 35% (medium) so always do your own personal analysis.
I will be publishing another possible scenario next.
Trade active
TP1 Reached (6.06% profit)Trade closed: target reached
TP2 Reached (9.09% Profit)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.