I am passing on $RENDER at 1.8070 today and one number explains why
Volume sits at 0.4x the weekly average which means the order book is thin
Only 2.3 million dollars traded in twenty four hours makes exits risky on size
I need to see an hourly close above 1.8390 before touching this
Or a clean test of 1.7720 that holds and bounces
It might keep running without me but missing a move hurts less than getting trapped
Chasing $RENDER here, or waiting for 1.7720?
#RENDER #RiskManagement
Volume sits at 0.4x the weekly average which means the order book is thin
Only 2.3 million dollars traded in twenty four hours makes exits risky on size
I need to see an hourly close above 1.8390 before touching this
Or a clean test of 1.7720 that holds and bounces
It might keep running without me but missing a move hurts less than getting trapped
Chasing $RENDER here, or waiting for 1.7720?
#RENDER #RiskManagement