$IOTA is up 14.2 percent today and I am passing on it
The 1h RSI sits at 85 which is deep into overbought territory
Volume is surging at 5.3 million dollars but chasing this pump makes zero sense
I need to see an hourly close and hold above 0.06210 before considering entries
Or a clean pullback that holds 0.05380 and shows a real bounce
The market could keep running without you and a bad entry costs more than a missed move
Chasing $IOTA here or waiting for 0.05380?
#IOTA #RiskManagement
The 1h RSI sits at 85 which is deep into overbought territory
Volume is surging at 5.3 million dollars but chasing this pump makes zero sense
I need to see an hourly close and hold above 0.06210 before considering entries
Or a clean pullback that holds 0.05380 and shows a real bounce
The market could keep running without you and a bad entry costs more than a missed move
Chasing $IOTA here or waiting for 0.05380?
#IOTA #RiskManagement