Everyone is chasing $KAIA today at 0.05090. I am sitting this one out
The hourly RSI is at 89 so it is deep into overbought territory
It is already up 33.2 percent in twenty four hours meaning the a setup just left the room
Volume is sitting at 8.7 million dollars which is 10.1 times the seven day average
I only change my mind if we get an hourly close and hold above 0.05180
Or if a pullback hits 0.03610 and actually holds the bounce
It could keep running without me here and a bad entry always costs more than a missed move
Chasing $KAIA here or waiting for 0.03610
#KAIA #RiskManagement
The hourly RSI is at 89 so it is deep into overbought territory
It is already up 33.2 percent in twenty four hours meaning the a setup just left the room
Volume is sitting at 8.7 million dollars which is 10.1 times the seven day average
I only change my mind if we get an hourly close and hold above 0.05180
Or if a pullback hits 0.03610 and actually holds the bounce
It could keep running without me here and a bad entry always costs more than a missed move
Chasing $KAIA here or waiting for 0.03610
#KAIA #RiskManagement