I am passing on $GTC today despite that 6.1 percent gain
The 1h ATR sits at 7.2 percent of price meaning any tight stop gets wiped out by standard noise alone
It already pulled back 5.1 percent from the last hourly high and I refuse to buy a declining candle
I want to see an hourly close and hold above $0.31400 before I touch it
Or I need to watch a clean pullback hold $0.24596 and actually bounce
It could keep running without me and a bad entry costs more than a missed move
Chasing $GTC here or waiting for $0.24596
#GTC #RiskManagement
The 1h ATR sits at 7.2 percent of price meaning any tight stop gets wiped out by standard noise alone
It already pulled back 5.1 percent from the last hourly high and I refuse to buy a declining candle
I want to see an hourly close and hold above $0.31400 before I touch it
Or I need to watch a clean pullback hold $0.24596 and actually bounce
It could keep running without me and a bad entry costs more than a missed move
Chasing $GTC here or waiting for $0.24596
#GTC #RiskManagement