I almost traded $CFX today. Then I checked the volume, only 1.6M total
That is just 1.6x the average and it means my size moves this book
Exits are not likely here so I am passing on $CFX right now
I need an hourly close and hold above $0.05200 to change my mind
Or I want a clean pullback that holds $0.04753 and bounces first
It could keep running without you and a bad entry costs more than a missed move
Chasing $CFX here or waiting for 0.04753
#CFX #RiskManagement
That is just 1.6x the average and it means my size moves this book
Exits are not likely here so I am passing on $CFX right now
I need an hourly close and hold above $0.05200 to change my mind
Or I want a clean pullback that holds $0.04753 and bounces first
It could keep running without you and a bad entry costs more than a missed move
Chasing $CFX here or waiting for 0.04753
#CFX #RiskManagement