【$QNT Signal】Short position + Rebound meets resistance, main force's intention unclear

$QNT shows a technical rebound after a sharp decline, but the price encounters resistance in the key zone (65.6-65.7), and the rebound is accompanied by stable open interest and Taker selling, indicating it is not a healthy accumulation signal.

🎯 Direction: Short

Market logic: The price violently rebounded from 56.68 to 65.7, but the 4H chart shows consecutive long upper shadows, indicating heavy selling pressure above. Key data: 1) OI trend is stable, suggesting the rebound is not driven by new long positions; 2) Taker Volume shows net selling, meaning the rebound is mainly driven by passive buy orders (liquidation sells), a weak rebound; 3) The buy/sell ratio near the rebound high (65.72) drops to 0.48, indicating low willingness to chase higher. The current price is close to the sell wall (65.53-65.72). Without volume breakout and increasing OI, this rebound is more likely a trap or short covering rather than a trend reversal.

Trade 👇 $QNT

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