$ALT is up 21 percent today. I am passing on it right now
Volume is running at 4.3 times the weekly average but price is sitting in the lower half of the 24 hourly range
The hourly swings are 8.7 percent deep which makes any tight stop impossible to manage without getting chopped out by noise
I only change my mind if we get an hourly close and hold above 0.01562 or a proper pullback that holds 0.009490 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $ALT here, or waiting for 0.009490?
#ALT #RiskManagement
Volume is running at 4.3 times the weekly average but price is sitting in the lower half of the 24 hourly range
The hourly swings are 8.7 percent deep which makes any tight stop impossible to manage without getting chopped out by noise
I only change my mind if we get an hourly close and hold above 0.01562 or a proper pullback that holds 0.009490 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $ALT here, or waiting for 0.009490?
#ALT #RiskManagement