$IO is up 5 percent today and sitting right near the high
When you buy near the top of the daily range at 0.15830 you are buying from someone who caught the low at 0.14810
They are taking profits and you are holding their bags
Volume is thin at half the weekly average so there are no fresh buyers coming in to save that fill
The 1 hour RSI sits at 66 which leaves very little room to run before it cools off
Never buy the green candle when the price is already stretched to 90 percent of the daily range
Open $IO and set an alert at that level
What is your actual rule for ignoring pumps
#IO #TradingTips
When you buy near the top of the daily range at 0.15830 you are buying from someone who caught the low at 0.14810
They are taking profits and you are holding their bags
Volume is thin at half the weekly average so there are no fresh buyers coming in to save that fill
The 1 hour RSI sits at 66 which leaves very little room to run before it cools off
Never buy the green candle when the price is already stretched to 90 percent of the daily range
Open $IO and set an alert at that level
What is your actual rule for ignoring pumps
#IO #TradingTips