I almost bought $CFX today. Then I checked the volume, 0.7x average
Price sits at 0.05469 right now, up 5.6 percent on the day
Trading at $1.7M daily volume is just too thin for real size
An hourly close and hold above 0.05540 would change my mind
Or a pullback that holds 0.05160 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $CFX here, or waiting for 0.05160?
#CFX #RiskManagement
Price sits at 0.05469 right now, up 5.6 percent on the day
Trading at $1.7M daily volume is just too thin for real size
An hourly close and hold above 0.05540 would change my mind
Or a pullback that holds 0.05160 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $CFX here, or waiting for 0.05160?
#CFX #RiskManagement