I almost bought $IOST today. Then I checked the volume, 0.4x average
Everyone is chasing that 5.3 percent bounce right now
I am sitting this one out because volume is weak and this move is not being funded by real participation
Price is at $0.000788 which sits 35 percent of the 24h range
I need to see an hourly close and hold above $0.000910 before I touch it
Or a pullback that holds $0.000723 and bounces cleanly off the low
It could keep running without you and a bad entry costs more than a missed move
Chasing $IOST here or waiting for 0.000723
#IOST #RiskManagement
Everyone is chasing that 5.3 percent bounce right now
I am sitting this one out because volume is weak and this move is not being funded by real participation
Price is at $0.000788 which sits 35 percent of the 24h range
I need to see an hourly close and hold above $0.000910 before I touch it
Or a pullback that holds $0.000723 and bounces cleanly off the low
It could keep running without you and a bad entry costs more than a missed move
Chasing $IOST here or waiting for 0.000723
#IOST #RiskManagement