$GNS is up 127 percent today and I am not touching it
The 1h RSI is sitting at 92 which is deep in overbought
Volume spiked to 5.4M which is 23.3x the weekly average
Buying here means buying the bags of whoever got in 127 percent lower
Volatility is huge with the 1h ATR at 6.9 percent of the price so a tight stop just gets farmed by noise
I will only touch $GNS if we get an hourly close and hold above 0.85800
Or if price pulls back and holds the 0.34700 level to bounce
It could keep running without you and a bad entry costs more than a missed move
Chasing $GNS here or waiting for 0.34700
#GNS #RiskManagement
The 1h RSI is sitting at 92 which is deep in overbought
Volume spiked to 5.4M which is 23.3x the weekly average
Buying here means buying the bags of whoever got in 127 percent lower
Volatility is huge with the 1h ATR at 6.9 percent of the price so a tight stop just gets farmed by noise
I will only touch $GNS if we get an hourly close and hold above 0.85800
Or if price pulls back and holds the 0.34700 level to bounce
It could keep running without you and a bad entry costs more than a missed move
Chasing $GNS here or waiting for 0.34700
#GNS #RiskManagement