【$QNT Signal】Hold Cash and Watch — Downtrend Continuation, Waiting for Clear Direction

$QNT A downtrend continuation pattern has formed on the 4-hour chart, with price oscillating narrowly around 69.1, lacking a clear breakout in either direction.

🎯Direction: Hold Cash (NoPosition)

Market Analysis: Price has fallen from the high of 70.9 and is consolidating sideways between 68.4 and 69.3. The 4-hour candlestick shows weakening buying pressure (Buy/Sell Ratio consistently below 0.55), with the latest candlestick’s buy ratio at only 0.41, indicating that bulls have no intention of launching an attack at this level.

Logical Core: Open interest (OI) remains stable, but funding rate (0.0018%) is relatively low, suggesting a neutral to slightly cold market sentiment. Order book imbalance (-8.48%) and buy/sell ratio (0.84) indicate heavier sell orders stacking up, with significant selling pressure above.

Technical Perspective: Although the price is above the EMA20 (67.8), it is constrained by a dense sell zone around 69.3-69.5. RSI (56.9) is in neutral territory, with no clear overbought or oversold signals. ATR (2.11) shows decreasing volatility, and the market is waiting for a catalyst.

The current pattern is a typical “downtrend continuation.” Without an effective breakout above 69.5 (previous high resistance) or a drop below 68.0 (recent low support), high-probability trading opportunities are lacking. Prioritize risk management and wait for the market to choose a direction.

Trade here 👇 $QNT

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