$CTK is up 15.7 percent today and I am passing on it
Volume hit 32.2M which is 17.1x the weekly average but the price already faded back into the lower quarter of the 24h range
The hourly ATR is sitting at 7.8 percent of the price so any tight stop gets wiped out by normal noise
I need to see an hourly close and hold above 0.19500 before entering
Or a clean pullback that holds 0.11000 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $CTK here or waiting for 0.11000
#CTK #RiskManagement
Volume hit 32.2M which is 17.1x the weekly average but the price already faded back into the lower quarter of the 24h range
The hourly ATR is sitting at 7.8 percent of the price so any tight stop gets wiped out by normal noise
I need to see an hourly close and hold above 0.19500 before entering
Or a clean pullback that holds 0.11000 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $CTK here or waiting for 0.11000
#CTK #RiskManagement