$QNT volume is 0.5x its weekly average and most traders are missing the trap
Price is sitting at 244.0000 right now up 4.5 percent on the day
That sounds strong until you look at the actual transactions happening underneath
The 24h volume is only 26.5M dollars which is half of the usual seven day pace
When price climbs on weak volume it means buyers are losing their grip
You can check this ratio yourself in twenty seconds by opening the daily chart and comparing the current volume bar to the moving average
If the bar is half the size of the line the move lacks teeth
I always wait for heavy volume before trusting a breakout
What volume filter do you use on your charts
Tap $QNT and check the hourly chart yourself
#QNT #TradingTips
Price is sitting at 244.0000 right now up 4.5 percent on the day
That sounds strong until you look at the actual transactions happening underneath
The 24h volume is only 26.5M dollars which is half of the usual seven day pace
When price climbs on weak volume it means buyers are losing their grip
You can check this ratio yourself in twenty seconds by opening the daily chart and comparing the current volume bar to the moving average
If the bar is half the size of the line the move lacks teeth
I always wait for heavy volume before trusting a breakout
What volume filter do you use on your charts
Tap $QNT and check the hourly chart yourself
#QNT #TradingTips