TradingView
V0VOLAN
Sep 16, 2021 6:05 PM

QNT parallel channel/MFI divergence 2h Long

QNT / TetherUSBinance

Description

The price has reached bottom of this channel. MFI bullish divergence visible on 2h timeframe.

Entry: buy 356.1 (current price)

TP1: 383.8
TP2: 413.6
TP3: 425.7
TP4: 458.4 (~30%)
TP5: OPEN++

Suggested SL:

336.3 (~6%) -- half of position size

then rest
manual sell if needed

All given values are approximate.
Remember about risk management, especially that BTC has been quite volatile lately.
Comments
imam9825
It's not forming Head and Shoulders??
V0VOLAN
@imam9825, Hi! I can see where you're coming from, because it kind of is. However I respect channels more than any price patterns inside of it. It's just my style:) Right now the price fell off the channel and is being constantly rejected from 354.2 which isn't a good sign. I've already de-risked the position.
imam9825
@V0VOLAN, i see...
Petermac84
I'm just holding long term!, buy and hold!
V0VOLAN
@Petermac84, yes I hope bitcoin won't kill it all 🙏
ajnava011
You had it last call. Looks like this one didnt take off :/
V0VOLAN
@ajnava011, Hi! :) I'm not sure if I know what you mean, but the previous call was a breakout trade on 15m chart (quick trade in and out). This one is different, it's 2h timeframe bottoming and the price isn't expected to pop off right away at all (because there is no breakout setup), it needs time. Thanks for reading my stuff, best luck!
PlaceboOwl1111
@V0VOLAN you do a great job
V0VOLAN
@PlaceboOwl1111, Thank You! Means a lot to me.
More