Everyone is chasing $ONE today. I am sitting this one out
Up 73.5 percent in twenty four hours means buying from someone who got in way lower
That one hour RSI is sitting at 78 so momentum is completely stretched
The one hour ATR is 6.8 percent of price which makes any tight stop just noise waiting to hit you
I need to see an hourly close and hold above $0.001970 to prove strength
Or a clean pullback that holds $0.001100 and bounces before I touch it
It could keep running without me and a bad entry costs more than a missed move
Chasing $ONE here or waiting for $0.001100
#ONE #RiskManagement
Up 73.5 percent in twenty four hours means buying from someone who got in way lower
That one hour RSI is sitting at 78 so momentum is completely stretched
The one hour ATR is 6.8 percent of price which makes any tight stop just noise waiting to hit you
I need to see an hourly close and hold above $0.001970 to prove strength
Or a clean pullback that holds $0.001100 and bounces before I touch it
It could keep running without me and a bad entry costs more than a missed move
Chasing $ONE here or waiting for $0.001100
#ONE #RiskManagement