$BLUR is sitting at $0.007690 today and I am passing on it
Volume is 0.5x the average which means nobody is really funding this move
Only $1.9M in daily volume means size moves this book and you cannot get out clean
I need an hourly close and hold above $0.008690 before I look twice
Or a clean pullback that holds $0.007260 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $BLUR here or waiting for $0.007260
#BLUR #RiskManagement
Volume is 0.5x the average which means nobody is really funding this move
Only $1.9M in daily volume means size moves this book and you cannot get out clean
I need an hourly close and hold above $0.008690 before I look twice
Or a clean pullback that holds $0.007260 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $BLUR here or waiting for $0.007260
#BLUR #RiskManagement