$JASMY is down 3.5 percent today and I am passing on it
Volume is sitting at 0.8x the seven day average right now
That means this move lacks real participation behind it
With only 943.7K in daily volume size moves this book fast and exits get risky
I need to see an hourly close and hold above $0.004980 to get interested
Or a clean pullback that holds $0.004590 and bounces hard
It could keep running without me and a bad entry costs more than a missed move
Chasing $JASMY here or waiting for $0.004590
#JASMY #RiskManagement
Volume is sitting at 0.8x the seven day average right now
That means this move lacks real participation behind it
With only 943.7K in daily volume size moves this book fast and exits get risky
I need to see an hourly close and hold above $0.004980 to get interested
Or a clean pullback that holds $0.004590 and bounces hard
It could keep running without me and a bad entry costs more than a missed move
Chasing $JASMY here or waiting for $0.004590
#JASMY #RiskManagement