I almost bought $AXS today at 1.1400. Then I checked the volume

Volume is sitting at 0.5x the seven day average

That means this move lacks real participation and size will push the book against you

I need to see an hourly close and hold above 1.1860 before getting interested

Or a clean pullback that holds 1.1330 and bounces

It could keep running without you and a bad entry costs more than a missed move

Chasing $AXS here, or waiting for 1.1330

#AXS #RiskManagement