I almost bought $ZK today. Then I checked the volume, 0.7x average
Volume is only $2.2M for the last 24h. Size moves this book and exits are not likely
Price sits at 0.01300 right now, about 2.7 percent off the 7 day high
I need an hourly close and hold above 0.01336 before entry
Or a pullback that holds 0.01255 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ZK here, or waiting for 0.01255?
#ZK #RiskManagement
Volume is only $2.2M for the last 24h. Size moves this book and exits are not likely
Price sits at 0.01300 right now, about 2.7 percent off the 7 day high
I need an hourly close and hold above 0.01336 before entry
Or a pullback that holds 0.01255 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ZK here, or waiting for 0.01255?
#ZK #RiskManagement