QUBT Long Potential Reversal from Demand Zone
The Quantum Computing Inc. (QUBT) stock has retraced to a 15min demand zone after a strong rally. With confluences from RSI, volume profile, and order blocks, a reversal seems plausible.
Strategy: Look for bullish confirmation (e.g., break above $10.70 or crossing the trend line before entering the trade.
Trade Plan:
Entry: ~$10.60
Stop Loss: $10.12
Take Profit: $13.44
Position Size: Adjust based on risk tolerance, ensuring 1% account risk per trade.
(RRR): Approximately 1:6,
Risk Management:
If the price closes below the demand zone ($10.05), then avoid entering the trade if bearish momentum increases below $10.05
Trade Advice:
Plan Your Trade:
Define your entry, stop loss, and target levels before placing the trade.
Stick to your risk management plan, risking no more than 1-2% of your account per trade.
Wait for Confirmation:
Look for additional confirmation signals (e.g., a bullish candle pattern or a surge in volume) before entering the trade.
Set Alerts:
Use alerts to monitor key levels like $10.50 (for potential entry) and $10.01 (for stop loss).
Be Prepared for Volatility:
Stocks like QUBT may experience sudden price swings. Use appropriate position sizing and avoid overleveraging.
Review and Learn:
Analyze the trade outcome, whether successful or not, to identify lessons for future setups.
"Trading requires patience, discipline, and a solid understanding of risk management. Never trade with money you cannot afford to lose."
Strategy: Look for bullish confirmation (e.g., break above $10.70 or crossing the trend line before entering the trade.
Trade Plan:
Entry: ~$10.60
Stop Loss: $10.12
Take Profit: $13.44
Position Size: Adjust based on risk tolerance, ensuring 1% account risk per trade.
(RRR): Approximately 1:6,
Risk Management:
If the price closes below the demand zone ($10.05), then avoid entering the trade if bearish momentum increases below $10.05
Trade Advice:
Plan Your Trade:
Define your entry, stop loss, and target levels before placing the trade.
Stick to your risk management plan, risking no more than 1-2% of your account per trade.
Wait for Confirmation:
Look for additional confirmation signals (e.g., a bullish candle pattern or a surge in volume) before entering the trade.
Set Alerts:
Use alerts to monitor key levels like $10.50 (for potential entry) and $10.01 (for stop loss).
Be Prepared for Volatility:
Stocks like QUBT may experience sudden price swings. Use appropriate position sizing and avoid overleveraging.
Review and Learn:
Analyze the trade outcome, whether successful or not, to identify lessons for future setups.
"Trading requires patience, discipline, and a solid understanding of risk management. Never trade with money you cannot afford to lose."
Trade closed: stop reached
SL was very tight though, we got tagged but then the price went to our TP 5:1, sad!
Next time I should consider a bit of a buffer using ATR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.