QUBT Long Potential Reversal from Demand ZoneThe 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."
