$JTO is sitting at $0.53700 with volume at half normal
I am passing on $JTO right now
Volume is only 0.5x average so this move lacks real backing
Total volume is just $2.3M meaning size wrecks this book
I need an hourly close and hold above $0.57350 to look again
Or a pullback that holds $0.52500 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $JTO here or waiting for $0.52500
#JTO #RiskManagement
I am passing on $JTO right now
Volume is only 0.5x average so this move lacks real backing
Total volume is just $2.3M meaning size wrecks this book
I need an hourly close and hold above $0.57350 to look again
Or a pullback that holds $0.52500 and actually bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $JTO here or waiting for $0.52500
#JTO #RiskManagement