I am passing on $AXS today because 24h volume is only 0.7x average
Trading here means risking capital on a thin book with only $2.4M backing the move
Size will slip your fills and exits get messy when nobody else is showing up
I need to see an hourly close and hold above $1.2320 before taking a look
Or a clean test of the $1.1020 swing low that holds and bounces first
This could easily drift higher without me and missing out hurts less than getting trapped
Chasing $AXS here or waiting for 1.1020
#AXS #RiskManagement
Trading here means risking capital on a thin book with only $2.4M backing the move
Size will slip your fills and exits get messy when nobody else is showing up
I need to see an hourly close and hold above $1.2320 before taking a look
Or a clean test of the $1.1020 swing low that holds and bounces first
This could easily drift higher without me and missing out hurts less than getting trapped
Chasing $AXS here or waiting for 1.1020
#AXS #RiskManagement