$TOMO is at 1.3819 today and I am passing on it
The 1h RSI hit 83 which is deep in overbought
Volume sits at 0.7x average so this move lacks real backing
With only 7.1M daily volume big size gets trapped here
I need to see an hourly close and hold above 1.3200 first
Or a clean pullback that holds 1.1732 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $TOMO here or waiting for 1.1732
#TOMO #RiskManagement
The 1h RSI hit 83 which is deep in overbought
Volume sits at 0.7x average so this move lacks real backing
With only 7.1M daily volume big size gets trapped here
I need to see an hourly close and hold above 1.3200 first
Or a clean pullback that holds 1.1732 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $TOMO here or waiting for 1.1732
#TOMO #RiskManagement