$CFX is up 5.9 percent today but I am passing 📉
Volume is sitting at 0.8x the weekly average so this push has no real weight behind it
Just 1.8M in daily volume means size will trap you here and exits get messy
I need an hourly close and hold above $0.05565 before I care
Or I want to see a pullback that holds $0.05190 and bounces hard
It could keep running without you and a bad entry costs more than a missed move
Chasing $CFX here, or waiting for $0.05190?
#CFX #RiskManagement
Volume is sitting at 0.8x the weekly average so this push has no real weight behind it
Just 1.8M in daily volume means size will trap you here and exits get messy
I need an hourly close and hold above $0.05565 before I care
Or I want to see a pullback that holds $0.05190 and bounces hard
It could keep running without you and a bad entry costs more than a missed move
Chasing $CFX here, or waiting for $0.05190?
#CFX #RiskManagement