$QNT is up 4 percent today and most traders are walking straight into a trap
when you buy near the top of the range at 184.27 dollars you need to know who is taking the other side
look at the daily high sitting right above you at 185.89 dollars
that is where early buyers from the 173.56 dollar swing low are cashing out their profit
volume is weak at half the average so the push higher has no fuel behind it
you are buying from people who got in cheaper and want out
wait for the price to drop back to support instead of chasing green candles
Do not take my word for it, tap $QNT and look at the candles
what is your favorite filter to avoid buying at the absolute peak
#QNT #TradingTips
when you buy near the top of the range at 184.27 dollars you need to know who is taking the other side
look at the daily high sitting right above you at 185.89 dollars
that is where early buyers from the 173.56 dollar swing low are cashing out their profit
volume is weak at half the average so the push higher has no fuel behind it
you are buying from people who got in cheaper and want out
wait for the price to drop back to support instead of chasing green candles
Do not take my word for it, tap $QNT and look at the candles
what is your favorite filter to avoid buying at the absolute peak
#QNT #TradingTips