$AXS is up 6.5 percent today and I am passing on it
Volume is 0.5x the average so this move lacks real backing
The 1h RSI sits at 73 showing stretched momentum
I need an hourly close and hold above $1.2750 before looking
Or a pullback that holds $1.1490 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $AXS here or waiting for $1.1490
#AXS #RiskManagement
Volume is 0.5x the average so this move lacks real backing
The 1h RSI sits at 73 showing stretched momentum
I need an hourly close and hold above $1.2750 before looking
Or a pullback that holds $1.1490 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $AXS here or waiting for $1.1490
#AXS #RiskManagement