I almost bought $TOMO today. Then I checked the volume, 0.7x average
Everyone is chasing this 3.2 percent pump right into the absolute top of the range
The hourly RSI hit 83 and liquidity is thin with just $7.1M in volume backing it
I need to see an hourly close and hold above $1.3200 before I touch it
Or a pullback that holds $1.1732 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $TOMO here, or waiting for 1.1732?
#TOMO #RiskManagement
Everyone is chasing this 3.2 percent pump right into the absolute top of the range
The hourly RSI hit 83 and liquidity is thin with just $7.1M in volume backing it
I need to see an hourly close and hold above $1.3200 before I touch it
Or a pullback that holds $1.1732 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $TOMO here, or waiting for 1.1732?
#TOMO #RiskManagement