I almost bought $AXS today. Then I checked the volume at 0.7x average

Trading at 1.1440 down 4.1 percent looks tempting
That 2.1M daily volume is just too thin for real size
Thin books mean you can get trapped on an exit

I am passing on $AXS right here

I need an hourly close and hold above 1.1970
Or a clean pullback that holds 1.1020 and bounces

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

Chasing $AXS here or waiting for 1.1020

#AXS #RiskManagement