$W is up 1.2 percent today and I am passing on it
Volume sits at 0.3x the 7 day average right now meaning nobody cares about this drift
My criteria to change my mind are simple
An hourly close and hold above $0.01552
Or a pullback that holds $0.01399 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $W here, or waiting for 0.01399?
#W #RiskManagement
Volume sits at 0.3x the 7 day average right now meaning nobody cares about this drift
My criteria to change my mind are simple
An hourly close and hold above $0.01552
Or a pullback that holds $0.01399 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $W here, or waiting for 0.01399?
#W #RiskManagement