$ADA looks cheap at 0.22880 but volume is just 0.6x average today
That low participation tells me nobody is really backing this move. 📉
I am passing on $ADA right here because dead volume usually leads to fake breakouts
What would change my mind is an hourly close and hold above 0.23910
Or I want to see a pullback that holds 0.22670 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ADA here, or waiting for 0.22670?
#ADA #RiskManagement
That low participation tells me nobody is really backing this move. 📉
I am passing on $ADA right here because dead volume usually leads to fake breakouts
What would change my mind is an hourly close and hold above 0.23910
Or I want to see a pullback that holds 0.22670 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ADA here, or waiting for 0.22670?
#ADA #RiskManagement