【$QNT Signal】1H Triangle Convergence Ending, Price Reversal Imminent!

$QNT The 1H timeframe is forming a narrow triangle convergence in the 66.7-67.1 range, with prices tightly hugging the EMA20 (66.69) and EMA50 (66.92), indicating volatility compression and an imminent directional move. The 4H timeframe remains in a large box oscillation between 67.5 and 65.1, but the latest 4H candlestick closed bullish, and the buy depth (bid_ask_ratio_depth=1.19) shows strong support below. Negative funding rate (-0.0088%) combined with stable open interest (OI) suggests potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: Enter long after breaking 67.10 (Reason: Break above the 1H triangle upper boundary and EMA50 resistance confirms bullish momentum)

🛑Stop Loss: 66.40 (Reason: Break below the 1H convergence lower boundary and previous support, ATR-based stop approximately 1.2 times)

🚀Target 1: 68.20 (Reason: Resistance at the 4H previous high and EMA20 line)

🚀Target 2: 69.50 (Reason: Previous rebound high on the daily chart, also the 1.618 Fibonacci extension level)

🛡Trade Management:

- Position Size: Light (Reason: 4H trend is not clearly bullish or bearish, currently a breakout battle on the 1H level)

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price (break-even). Hold remaining position towards Target 2; if price stalls near Target 1, consider taking full profit.

Depth Logic: Market depth shows sell orders accumulating in the 67.0-67.1 area (42.8 at 67.00), which is a key resistance zone. Once volume breaks through, upward selling pressure diminishes, likely triggering a rapid rally. The 1H RSI (53.14) is in a neutral to slightly bullish zone, indicating room for upward movement. Stable OI and no price decline suggest limited bearish pressure, and major players may be accumulating.

View real-time market 👇 $QNT

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