$QNT is sitting at 196.5300 today and I am walking away
Volume is sitting at 0.8x the weekly average
That means the market is not funding this move
With 1h RSI at 48 there is simply no momentum here
I want to see an hourly close and hold above 203.6500 first
Or a clean pullback that holds 191.0900 and actually bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $QNT here, or waiting for 191.0900?
#QNT #RiskManagement
Volume is sitting at 0.8x the weekly average
That means the market is not funding this move
With 1h RSI at 48 there is simply no momentum here
I want to see an hourly close and hold above 203.6500 first
Or a clean pullback that holds 191.0900 and actually bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $QNT here, or waiting for 191.0900?
#QNT #RiskManagement