This market has had me glued to the screen until my eyes are sore. I wonder how many of you are in the same boat—I really don’t dare make any rash moves right now. $QNT surged more than 20 points today, trading around 220, after reaching a high of 221.9. This level sits right in the previous overhead resistance zone. The support zone below is around 181.8 to 190, which is also where today’s rally started.
My approach would be not to chase a big bullish candle like this. I’d wait for a pullback to around 200–205 and see if the price can stabilize. If it breaks below 190, I’d rather stay in cash and watch for now, then reassess once the structure takes shape again.
If you were in my position, would you enter early and take a gamble, or keep waiting for confirmation? $QNT
If you’d like to see my follow-up reviews of real-time trades, remember to follow me. I’ll help you understand the actual market structure every day.
Personal trading journal, not investment advice.
My approach would be not to chase a big bullish candle like this. I’d wait for a pullback to around 200–205 and see if the price can stabilize. If it breaks below 190, I’d rather stay in cash and watch for now, then reassess once the structure takes shape again.
If you were in my position, would you enter early and take a gamble, or keep waiting for confirmation? $QNT
If you’d like to see my follow-up reviews of real-time trades, remember to follow me. I’ll help you understand the actual market structure every day.
Personal trading journal, not investment advice.