QNTUSDT 15m · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:30 UTC · forecast for QNTUSDTTimeline
- Liquidity formed: local low 250.3 (left shoulder)
- Structural high 253.7 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 250.1 confirmed
- BOS: close above the structural high 253.7. Quasimodo confirmed
- Price is approaching QML
- Price is approaching QML
- Price is approaching QML
Why this setup was found
First the market formed a local low 250.3 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 250.1, which is 0.2100 (0.07 ATR) below the left shoulder.
Then price closed above the previous structural high 253.7 (close 253.8). This is a bullish BOS: a break of structure.
The left shoulder zone (250.3–251.6) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 61%: big players already built positions in this zone.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bullish (supports the idea).
On the break candle aggressive buyers dominated (52% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.