$OP is down 3% here and most retail buyers are walking straight into a trap
Right now $OP sits at 0.14080 which is 9 percent of its daily range
That means price is hugging the bottom while volume dries up to half the weekly average
When you chase a dying pump you are buying from the guy who loaded up at the 0.15060 swing high
He is happy to dump his bags on you while the 1 hour RSI sits weak at 40
The math says the sellers have all the leverage and you are just exit liquidity
Wait for the range to reset before you risk your cash on the next bounce
What is your exact stop loss rule for chasing weak charts
#OP #TradingTips
Right now $OP sits at 0.14080 which is 9 percent of its daily range
That means price is hugging the bottom while volume dries up to half the weekly average
When you chase a dying pump you are buying from the guy who loaded up at the 0.15060 swing high
He is happy to dump his bags on you while the 1 hour RSI sits weak at 40
The math says the sellers have all the leverage and you are just exit liquidity
Wait for the range to reset before you risk your cash on the next bounce
What is your exact stop loss rule for chasing weak charts
#OP #TradingTips