Everyone is looking at $BAT right now. I am sitting this one out
Up 10.1 percent in a day sounds great until you look at the actual tape
Volume is only 1.4x the weekly average with the 1h RSI sitting hot at 69
The evidence for continuation is not strong enough to justify the risk here
I need to see an hourly close and hold above $0.18370 to prove strength
Or I want a clean pullback that holds $0.14230 and actually bounces
It could keep running without you today and a bad entry costs more than a missed move
Chasing $BAT here or waiting for 0.14230
#BAT #RiskManagement
Up 10.1 percent in a day sounds great until you look at the actual tape
Volume is only 1.4x the weekly average with the 1h RSI sitting hot at 69
The evidence for continuation is not strong enough to justify the risk here
I need to see an hourly close and hold above $0.18370 to prove strength
Or I want a clean pullback that holds $0.14230 and actually bounces
It could keep running without you today and a bad entry costs more than a missed move
Chasing $BAT here or waiting for 0.14230
#BAT #RiskManagement