I almost bought $AXS today at 1.1400. Then I checked the volume
Volume is sitting at 0.5x the seven day average
That means this move lacks real participation and size will push the book against you
I need to see an hourly close and hold above 1.1860 before getting interested
Or a clean pullback that holds 1.1330 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $AXS here, or waiting for 1.1330
#AXS #RiskManagement
Volume is sitting at 0.5x the seven day average
That means this move lacks real participation and size will push the book against you
I need to see an hourly close and hold above 1.1860 before getting interested
Or a clean pullback that holds 1.1330 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $AXS here, or waiting for 1.1330
#AXS #RiskManagement