I almost bought $CHIP today. Then I checked the volume, 0.6x average
That $2.1M daily volume is just too thin to trust right now
Size moves this order book and exits are never likely
I need to see an hourly close and hold above $0.04624 first
Or a clean pullback that holds $0.04093 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $CHIP here, or waiting for $0.04093?
#CHIP #RiskManagement
That $2.1M daily volume is just too thin to trust right now
Size moves this order book and exits are never likely
I need to see an hourly close and hold above $0.04624 first
Or a clean pullback that holds $0.04093 and bounces
It could keep running without me and a bad entry costs more than a missed move
Chasing $CHIP here, or waiting for $0.04093?
#CHIP #RiskManagement