$MBL is up 36.6 percent today and I am not touching it
Most of that move is already gone
Volume spiked to 5.1 million dollars which is 14.6 times the weekly average
Hourly volatility is running at 8.8 percent so noise will hunt tight stops
Price is sitting 24.5 percent below the 7 day high
I need to see an hourly close and hold above 0.001381 before getting interested
Or a clean pullback that holds 0.000748 and bounces
It could keep running without you
A bad entry costs more than a missed move
Chasing $MBL here or waiting for 0.000748?
#MBL #RiskManagement
Most of that move is already gone
Volume spiked to 5.1 million dollars which is 14.6 times the weekly average
Hourly volatility is running at 8.8 percent so noise will hunt tight stops
Price is sitting 24.5 percent below the 7 day high
I need to see an hourly close and hold above 0.001381 before getting interested
Or a clean pullback that holds 0.000748 and bounces
It could keep running without you
A bad entry costs more than a missed move
Chasing $MBL here or waiting for 0.000748?
#MBL #RiskManagement