$QNT Long Liquidation: $3.1251K at $75.48526
Long traders on $QNT were forced out as price slipped below a key support zone, triggering stop losses and accelerating the downside move. Buyers failed to defend the level, giving sellers short-term control.
Liquidation Type: Long
Liquidated Amount: $3.1251K
Liquidation Price: $75.48526
EP: $75.40
TP: $73.80 → $71.90
SL: $77.10
Market Outlook:
This long liquidation signals weakness below the $75.5 area. As long as price remains under the liquidation zone, downside pressure can continue toward lower support levels. Any bounce without strong volume is likely to be sold.
Pro Tip: After a long flush, don’t rush entries. Let price stabilize and reclaim structure before considering longs patience protects capital.
