$RED is up 11.8 percent today and chasing it right now is a trap
Volume just spiked to 24.3 times the weekly average which tells you everyone is looking at the same screen
The high hit 0.18760 before sellers stepped in and pushed it back down to where it sits right now at 52 percent of the daily range
Every time you market buy a green candle you need to ask yourself who is taking the other side of that trade
The answer is simple because someone who bought at the 0.14910 swing low is cashing out their profit and dumping their bags onto you
That hourly swing of 3.9 percent means the chop is fast enough to wreck you before you even blink
Wait for the pullback instead of paying a premium to the people who got in early
Do not take my word for it, tap $RED and look at the candles
What rule saves you from buying the absolute top
#RED #TradingTips
Volume just spiked to 24.3 times the weekly average which tells you everyone is looking at the same screen
The high hit 0.18760 before sellers stepped in and pushed it back down to where it sits right now at 52 percent of the daily range
Every time you market buy a green candle you need to ask yourself who is taking the other side of that trade
The answer is simple because someone who bought at the 0.14910 swing low is cashing out their profit and dumping their bags onto you
That hourly swing of 3.9 percent means the chop is fast enough to wreck you before you even blink
Wait for the pullback instead of paying a premium to the people who got in early
Do not take my word for it, tap $RED and look at the candles
What rule saves you from buying the absolute top
#RED #TradingTips