$JTO is sitting at 0.44500 today while volume sits at 0.4x average
That green candle looks tempting until you look at the liquidity book
Only 1.3M in daily volume means size moves this chart and exits are risky
I am passing on $JTO right here
What would change my mind is an hourly close and hold above 0.45180
Or a pullback that holds 0.41480 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $JTO here or waiting for 0.41480?
#JTO #RiskManagement
That green candle looks tempting until you look at the liquidity book
Only 1.3M in daily volume means size moves this chart and exits are risky
I am passing on $JTO right here
What would change my mind is an hourly close and hold above 0.45180
Or a pullback that holds 0.41480 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $JTO here or waiting for 0.41480?
#JTO #RiskManagement