Everyone is looking at $CFX at 0.04691. I am sitting this one out
Volume is only 1.5M today
That thin book means size moves the price and exits are not likely
I need to see an hourly close and hold above 0.04956 before taking a look
Or a clean pullback that holds 0.04676 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $CFX here or waiting for 0.04676
#CFX #RiskManagement
Volume is only 1.5M today
That thin book means size moves the price and exits are not likely
I need to see an hourly close and hold above 0.04956 before taking a look
Or a clean pullback that holds 0.04676 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $CFX here or waiting for 0.04676
#CFX #RiskManagement