$QNT is down 4 percent today and most traders still chase the wrong side
When you buy near the bottom of a 24h range like 190.9000 you are buying from someone who panic dumped
The 7 day high was way up at 226.0100 which is 15.1 percent higher than right now
Volume is sitting at half the average so nobody major is stepping in to rescue the drop
That means retail sellers are dumping into weak hands hoping for a bounce that lacks fuel
The 1h RSI is 42 showing weak momentum rather than a washed out bottom ready to reverse
Never buy a falling knife just because it looks cheap compared to yesterday
What is your personal rule for avoiding a weak dip
Open $QNT and set an alert at that level
#QNT #TradingTips
When you buy near the bottom of a 24h range like 190.9000 you are buying from someone who panic dumped
The 7 day high was way up at 226.0100 which is 15.1 percent higher than right now
Volume is sitting at half the average so nobody major is stepping in to rescue the drop
That means retail sellers are dumping into weak hands hoping for a bounce that lacks fuel
The 1h RSI is 42 showing weak momentum rather than a washed out bottom ready to reverse
Never buy a falling knife just because it looks cheap compared to yesterday
What is your personal rule for avoiding a weak dip
Open $QNT and set an alert at that level
#QNT #TradingTips