I almost bought $UNI today. Then I checked the volume, 0.7x average
Price sits at 7.2760 right now, down 2.8 percent on the day tracking near 40 percent of the daily range
Volume is only 0.7x average so this move is not being funded by real participation
I am passing on $UNI here because dead volume kills breakouts
What would change my mind is an hourly close and hold above 7.5560 or a pullback that holds 7.0920 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $UNI here or waiting for 7.0920
#UNI #RiskManagement
Price sits at 7.2760 right now, down 2.8 percent on the day tracking near 40 percent of the daily range
Volume is only 0.7x average so this move is not being funded by real participation
I am passing on $UNI here because dead volume kills breakouts
What would change my mind is an hourly close and hold above 7.5560 or a pullback that holds 7.0920 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $UNI here or waiting for 7.0920
#UNI #RiskManagement