QNT riding the hype to sell off, high probability of topping out❗️Here's my short strategy The hype is real: TCH's daily clearing volume exceeds $2 trillion, and Quant has been chosen as the on-chain currency interoperability layer. But the on-chain data tells another story: Of the $720 million transfer volume, 77.4% is wash trading, with actual transactions only amounting to $38.27 million. 7 'accumulation wallets' set up exits to exchanges within 24 hours. 3 deployment wallets distributed 35,901 tokens to 39+ addresses in a single day, with the largest recipient directly transferring them to Binance. On September 27, CEX saw a net inflow of 20,670 tokens. Retail investors only control 0.1% of the circulating supply, meaning prices are dictated by internal wallets. We're just 23% away from the ATH, but the TCH network won't launch until 2027, leaving a long narrative vacuum in between. If it fails to break past the historical ATH and instead continues to consolidate at high levels with multiple 4-hour candlesticks showing long upper shadows, the probability of topping out increases significantly. My short strategy: At this stage, I’m not chasing shorts yet—waiting for two signals: (1) Rebound to $380-420 faces resistance, with 4H long upper shadows or consecutive bearish candles. Open a light short position. Stop loss at $430, target $250 → $180. (2) Volume breaks below $250, enter a short position on the right side. Stop loss at $290, target $180 → $120. Small positions for trial and error. Current wick range is 15-20%, heavy positions will definitely get liquidated.