Blood in the water, however QNT has held its strength. Currently forming a decent range. Now is not the time to be afraid to trade...this is usually when the best opportunities present themselves.
Worse case scenario on an entry at the lower half of this range will be a breakthrough from the bottom and a retest of this then broken zone. ONLY on the retest will you actually want to exit. A pair that is moving like QNT right now will have some buying pressure on a break.
Also, another thing that may have saved QNT would be because of the limited amount on exchanges. Regardless, I think it may be obvious which pairs hold strength right now...the best option is to buy into strength rather than put a bet on a random shitcoin that plummeted 30% to pull back 90...while it is possible, following strength is the best and safest move right now.
Worse case scenario on an entry at the lower half of this range will be a breakthrough from the bottom and a retest of this then broken zone. ONLY on the retest will you actually want to exit. A pair that is moving like QNT right now will have some buying pressure on a break.
Also, another thing that may have saved QNT would be because of the limited amount on exchanges. Regardless, I think it may be obvious which pairs hold strength right now...the best option is to buy into strength rather than put a bet on a random shitcoin that plummeted 30% to pull back 90...while it is possible, following strength is the best and safest move right now.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
