【$QNT Signal】1H Breakout and Pullback Confirmation, Main Force Supports Bullish

$QNT The 1H timeframe is consolidating strongly above the EMA20, just breaking through the short-term resistance at 70.5. The 4H timeframe has stabilized above the EMA50 and formed a bullish engulfing pattern. Price, open interest (OI stable), and negative funding rates create a potential short squeeze setup, with clear main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 70.40 - 70.55 (Reason: 1H EMA20 support zone & pullback confirmation after breakout)

🛑Stop Loss: 69.30 (Reason: Break below the start of the 4H bullish candle and previous low support)

🚀Target 1: 72.20 (Reason: Resistance near the high before January 30)

🚀Target 2: 74.50 (Reason: 1.618 Fibonacci extension level & late January chip zone)

🛡️Trade Management:

- Position Size Suggestion: Standard position (Reason: 4H/1H resonance, risk-reward ratio >1.5)

- Execution Strategy: When price reaches 71.50 (previous minor high), reduce position by 30%. Move remaining stop loss to entry price. After reaching Target 1, reduce position by 50% and move stop loss up to 70.80.

Depth Logic: Market depth shows significant buy-side accumulation below 70.40, forming a support wall. The 1H RSI(66) is healthy and not overbought. Negative funding rate (-0.0053%) combined with rising price and stable OI indicates shorts are paying fees, fueling a short squeeze. Market logic suggests ‘price rising, main force entering or shorts being squeezed,’ supported by data indicating main force support for a bullish move.

Trade here 👇 $QNT

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