$WAXP is up 21% today and I am not touching it. Here is the number that stopped me.
1h RSI is 89 deep overbought.
24h volume is $1.9M, just 11.7x the 7-day average thin book, exits aren’t likely.
I need an hourly close and hold above 0.005590 or a pullback that holds 0.004600 and bounces.
This could keep running without me. Missing a move costs nothing. A bad entry costs real money.
Who’s in this trade what’s your invalidation level?
Not financial advice. My levels, my risk.
#WAXP #RiskManagement
1h RSI is 89 deep overbought.
24h volume is $1.9M, just 11.7x the 7-day average thin book, exits aren’t likely.
I need an hourly close and hold above 0.005590 or a pullback that holds 0.004600 and bounces.
This could keep running without me. Missing a move costs nothing. A bad entry costs real money.
Who’s in this trade what’s your invalidation level?
Not financial advice. My levels, my risk.
#WAXP #RiskManagement