🐋 $QNT is on its 7th consecutive down day (currently -0.06% today), down a cumulative 19.09% over this stretch.
After so many consecutive down days, most positions entered at higher levels are underwater, and stop-loss orders keep pouring out, wave after wave. The losing streak usually ends when big players are willing to buy at lower levels. Watch for long lower shadows and high-volume bullish candles.
After so many consecutive down days, most positions entered at higher levels are underwater, and stop-loss orders keep pouring out, wave after wave. The losing streak usually ends when big players are willing to buy at lower levels. Watch for long lower shadows and high-volume bullish candles.