$ALGO is at 0.08610 and I am passing on it today
Volume is 1.4M dollars which is 1.5 times the weekly average
That size means order books shift fast and exits get messy
I need an hourly close above 0.08930 to change my view
Or a clean test of 0.08430 that holds and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ALGO here or waiting for 0.08430
#ALGO #RiskManagement
Volume is 1.4M dollars which is 1.5 times the weekly average
That size means order books shift fast and exits get messy
I need an hourly close above 0.08930 to change my view
Or a clean test of 0.08430 that holds and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ALGO here or waiting for 0.08430
#ALGO #RiskManagement