$IOST is up 50.0% today and I am passing on it. Here are the numbers that stopped me.
The 1h RSI is sitting at 78, showing stretched momentum.
The 1h ATR is 9.1% of price, meaning normal hourly noise will trigger standard stops.
At $0.001341, price is 89% up its 24h range and just 4.8% off the $0.001408 high. Buying here means taking the other side of traders who bought 50.0% lower.
Here is what needs to happen before I consider an entry:
An hourly close and hold above $0.001408.
Or a pullback that holds $0.000806 and bounces from it.
This coin might keep running without me, but missing a move costs nothing while a bad entry costs real money.
For those of you holding $IOST right now, what is your exact invalidation level?
Not financial advice. My levels, my risk.
#IOST #RiskManagement
The 1h RSI is sitting at 78, showing stretched momentum.
The 1h ATR is 9.1% of price, meaning normal hourly noise will trigger standard stops.
At $0.001341, price is 89% up its 24h range and just 4.8% off the $0.001408 high. Buying here means taking the other side of traders who bought 50.0% lower.
Here is what needs to happen before I consider an entry:
An hourly close and hold above $0.001408.
Or a pullback that holds $0.000806 and bounces from it.
This coin might keep running without me, but missing a move costs nothing while a bad entry costs real money.
For those of you holding $IOST right now, what is your exact invalidation level?
Not financial advice. My levels, my risk.
#IOST #RiskManagement