$IO is sitting at 0.14530 and I am completely passing on it today
Volume is only 1.6M which is 1.7x the average and that thin book means exits are never likely here
Price is sitting at just 3 percent of its daily range after dropping 2.7 percent on the session
I need to see an hourly close and hold above 0.15550 before I care
Or I want to watch a pullback hold 0.14620 and actually bounce
It could keep running without you and a bad entry costs more than a missed move
Chasing $IO here or waiting for 0.14620
#IO #RiskManagement
Volume is only 1.6M which is 1.7x the average and that thin book means exits are never likely here
Price is sitting at just 3 percent of its daily range after dropping 2.7 percent on the session
I need to see an hourly close and hold above 0.15550 before I care
Or I want to watch a pullback hold 0.14620 and actually bounce
It could keep running without you and a bad entry costs more than a missed move
Chasing $IO here or waiting for 0.14620
#IO #RiskManagement