$STX is down 3.9 percent today and I am passing on it
That 24h volume of 1.2M is only 0.7x average so nobody is actually funding this move
With that thin volume size just moves the book and getting out clean is a real gamble
I need to see an hourly close and hold above 0.33210 before I care
Or a proper pullback that holds 0.30730 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $STX here or waiting for 0.30730
#STX #RiskManagement
That 24h volume of 1.2M is only 0.7x average so nobody is actually funding this move
With that thin volume size just moves the book and getting out clean is a real gamble
I need to see an hourly close and hold above 0.33210 before I care
Or a proper pullback that holds 0.30730 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $STX here or waiting for 0.30730
#STX #RiskManagement