$FLOW is up 3.6 percent today and I am not touching it. One number is why
Volume is only 0.8x average so this move lacks real participation
The 1h RSI sits at 73 meaning momentum is stretched
Just $1.0M of 24h volume means size moves this thin book and exits are not likely
I need an hourly close and hold above $0.03361 to change my mind
Or a clean pullback that holds $0.02983 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $FLOW here, or waiting for 0.02983?
#FLOW #RiskManagement
Volume is only 0.8x average so this move lacks real participation
The 1h RSI sits at 73 meaning momentum is stretched
Just $1.0M of 24h volume means size moves this thin book and exits are not likely
I need an hourly close and hold above $0.03361 to change my mind
Or a clean pullback that holds $0.02983 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $FLOW here, or waiting for 0.02983?
#FLOW #RiskManagement