I am passing on $CFX right now and letting this move go
Price sits at 0.05387 down 5.6 percent on the day and drifting lower
Volume is dead at 0.3x the weekly average which tells me nobody is funding this slide
I need to see an hourly close and hold above 0.05835 before I touch it
Or a clean test and bounce right off that 0.05162 swing low
It could easily bounce without me but a bad entry always costs more than missing a move
Chasing $CFX here, or waiting for 0.05162?
#CFX #RiskManagement
Price sits at 0.05387 down 5.6 percent on the day and drifting lower
Volume is dead at 0.3x the weekly average which tells me nobody is funding this slide
I need to see an hourly close and hold above 0.05835 before I touch it
Or a clean test and bounce right off that 0.05162 swing low
It could easily bounce without me but a bad entry always costs more than missing a move
Chasing $CFX here, or waiting for 0.05162?
#CFX #RiskManagement