$BNCB is up 4.8 percent today but sitting at just 40 percent of its range
When you buy a top gainer halfway off its highs you are taking bags from someone who bought at the 5.1500 swing low and locked in profit
That trader is smiling while volume is heavy at 7.7M dollars because they are dumping their heavy bags into your fresh retail FOMO
The 1h RSI is sitting right at 45 which means the momentum that pushed it to the 5.8200 high seven days ago has already faded out
Every single hourly candle swings about 1.5 percent so chasing green candles here is just paying a premium to catch a falling knife ๐
Never buy an asset when it is already cooling off from its daily peak
Open $BNCB and set an alert at that level
What is your actual checklist before you click buy on a green candle
#BNCB #TradingTips
When you buy a top gainer halfway off its highs you are taking bags from someone who bought at the 5.1500 swing low and locked in profit
That trader is smiling while volume is heavy at 7.7M dollars because they are dumping their heavy bags into your fresh retail FOMO
The 1h RSI is sitting right at 45 which means the momentum that pushed it to the 5.8200 high seven days ago has already faded out
Every single hourly candle swings about 1.5 percent so chasing green candles here is just paying a premium to catch a falling knife ๐
Never buy an asset when it is already cooling off from its daily peak
Open $BNCB and set an alert at that level
What is your actual checklist before you click buy on a green candle
#BNCB #TradingTips