BUY Quant $QNT Inverse Head & Shoulders Breakout, Bullish Daily
Bulls seem to be winning in a very bearish market when it comes to Quant $QNT.
The Inverse Head & Shoulders on the daily timeframe is a high-probability trade and one I have now entered and will continue to layer into. My targets are market on the chart at $189 - $222 for an easy 70%+ gain.
The pattern is one thing but what excites me about this play is the strong buy volume confirming these breakouts. Even on smaller timeframes like the 15 min, we are getting higher highs and higher lows with slowing volume into a price floor before the next breakout.
Social mentions + metrics are high as well if you check out LunarCrush.
All other factors/indicators aside, this is enough to convince me that taking a position wont be too risky.
Any breakdown below 120 at a serious timeframe will be my confirmation of a breakdown and I will exit at a small loss.
The Inverse Head & Shoulders on the daily timeframe is a high-probability trade and one I have now entered and will continue to layer into. My targets are market on the chart at $189 - $222 for an easy 70%+ gain.
The pattern is one thing but what excites me about this play is the strong buy volume confirming these breakouts. Even on smaller timeframes like the 15 min, we are getting higher highs and higher lows with slowing volume into a price floor before the next breakout.
Social mentions + metrics are high as well if you check out LunarCrush.
All other factors/indicators aside, this is enough to convince me that taking a position wont be too risky.
Any breakdown below 120 at a serious timeframe will be my confirmation of a breakdown and I will exit at a small loss.