$T is up 7.1% today and I’m passing. Volume says it’s a trap.
Only $1.4M traded in 24 hours. That’s 0.9x the 7-day average.
One big order can crush this book. Exit liquidity? Not likely.
I need an hourly close above $0.005740. or a bounce off $0.005160.
It could keep running without you. A bad entry costs more than a missed move.
Chasing $T here, or waiting for 0.005160?
Binance data as of 23 Sep 13:40 UTC.
#T #RiskManagement
Only $1.4M traded in 24 hours. That’s 0.9x the 7-day average.
One big order can crush this book. Exit liquidity? Not likely.
I need an hourly close above $0.005740. or a bounce off $0.005160.
It could keep running without you. A bad entry costs more than a missed move.
Chasing $T here, or waiting for 0.005160?
Binance data as of 23 Sep 13:40 UTC.
#T #RiskManagement