Everyone is looking at $CRV today. I am sitting this one out
Volume sits at 1.8M dollars which is 1.3 times the weekly average
That is simply too thin for me. Size moves this book and exits are not likely
It could keep running without you and a bad entry costs more than a missed move
What would change my mind is an hourly close and hold above 0.24540 or a pullback that holds 0.23070 and bounces
Chasing $CRV here, or waiting for 0.23070?
#CRV #RiskManagement
Volume sits at 1.8M dollars which is 1.3 times the weekly average
That is simply too thin for me. Size moves this book and exits are not likely
It could keep running without you and a bad entry costs more than a missed move
What would change my mind is an hourly close and hold above 0.24540 or a pullback that holds 0.23070 and bounces
Chasing $CRV here, or waiting for 0.23070?
#CRV #RiskManagement