$NXPC up 5.6 percent today looks clean until you check the tape
Volume is just 0.7x average which means nobody with size is funding this push
Only 1.8M daily turnover means getting out once you are in could hurt badly
I need to see an hourly close and hold above 0.17420 before taking risk
Or a clean pullback that holds 0.16120 and bounces hard
It could keep running without you and a bad entry costs more than a missed move
Chasing $NXPC here, or waiting for 0.16120?
#NXPC #RiskManagement
Volume is just 0.7x average which means nobody with size is funding this push
Only 1.8M daily turnover means getting out once you are in could hurt badly
I need to see an hourly close and hold above 0.17420 before taking risk
Or a clean pullback that holds 0.16120 and bounces hard
It could keep running without you and a bad entry costs more than a missed move
Chasing $NXPC here, or waiting for 0.16120?
#NXPC #RiskManagement