$QNT is coiling with intent. OI jumped 7.5% in an hour while price moved less than 0.1%, and volume ran 4.9x its 20h average. That's not noise, that's positioning being built into compression. Funding is mildly negative, so the book is leaning short, but not enough to call it squeeze fuel. The structure says wait for the break: 97.27 is the line, 102.08 is the first real test, 92.46 is where the coil fails.
Peter -CTShare
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