$CFX is down 1% and someone is selling to you right now
Chasing the top gainer is how you pay the exit liquidity for a tired bag
Look at the math sitting right in front of you on $CFX today
Volume is running at 0.2x the weekly average which means the crowd has already left the room
Price is sitting at 27% of the 24h range after backing off the $0.05705 high down to $0.05540
That leaves you 23.9 percent underwater from the 7 day high of $0.07280 with nothing left in the tank
Every buyer at this spot is taking inventory from an early holder who wants out
Wait for the volume to come back before you commit any capital
What is your actual stop loss rule for bad entries
#CFX #TradingTips
Chasing the top gainer is how you pay the exit liquidity for a tired bag
Look at the math sitting right in front of you on $CFX today
Volume is running at 0.2x the weekly average which means the crowd has already left the room
Price is sitting at 27% of the 24h range after backing off the $0.05705 high down to $0.05540
That leaves you 23.9 percent underwater from the 7 day high of $0.07280 with nothing left in the tank
Every buyer at this spot is taking inventory from an early holder who wants out
Wait for the volume to come back before you commit any capital
What is your actual stop loss rule for bad entries
#CFX #TradingTips