Let's have a look at QNT on the 1h time frame.
The price is still below 50 EMA but once we get a successful breakout, it may be a long opportunity.
If the price gets rejected and it goes lower, we expect one more retest of the support which would be a buying opportunity.
MACD has crossed bullish and the positive momentum is coming which is a good sign.
Stop loss can be placed below the key support
Good luck
The price is still below 50 EMA but once we get a successful breakout, it may be a long opportunity.
If the price gets rejected and it goes lower, we expect one more retest of the support which would be a buying opportunity.
MACD has crossed bullish and the positive momentum is coming which is a good sign.
Stop loss can be placed below the key support
Good luck
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