QUANT, scalping heaven turning liability and vice versa
Until recently, Quant, trading pair $QNTUSDT was a scalping heaven with a very predictable chart that allowed easy scalping trades while moving against Bitcoin's trend.
All until Bitcoin started side trading movements which completely destabilised Quant, and completely blocked traders funds for more than 48 hours until it started moving again, unfortunately in a downtrend that increased losses even more.
Now, QNT started to proceed back into an uptrend after its major pump up from ~95 price area.
If Bitcoin continues its uptrend with minor dips, we can see QNT to regain its scalping spot with a trend against BTC. However, it is advisable scalping traders apply extra vigilance as QNT can switch to sideways trading for more than 48 hours.
All until Bitcoin started side trading movements which completely destabilised Quant, and completely blocked traders funds for more than 48 hours until it started moving again, unfortunately in a downtrend that increased losses even more.
Now, QNT started to proceed back into an uptrend after its major pump up from ~95 price area.
If Bitcoin continues its uptrend with minor dips, we can see QNT to regain its scalping spot with a trend against BTC. However, it is advisable scalping traders apply extra vigilance as QNT can switch to sideways trading for more than 48 hours.