I almost touched $STX today. Then I looked at the volume and walked away
Trading at 0.31230 down 3.7 percent today sitting near the bottom of the range Volume is only 0.9x average so nobody big is backing this move With just 1.9M in daily turnover larger size gets trapped in this book I need to see an hourly close and hold above 0.33240 before I care Or a proper test of 0.30720 that actually holds and bounces It could keep running without me and a bad entry costs more than missing out Chasing $STX here or waiting for 0.30720
$OP moves 1.2 percent an hour and most people size it wrong Trading $OP with a thousand dollar account means protecting your cash first One hourly move is 0.00140 dollars which is the 1.2 percent ATR Risking one percent of your cash means ten dollars total Divide ten dollars by the hourly swing to find your exact size You buy about seventy one dollars worth of $OP and nothing more That way a normal hourly chop never blows up your account Always size your trade by the distance to your stop
Trading volume is 28.2x higher than normal so big buyers are active Price is holding near today's high and not falling back RSI is 65 so it is strong but not overheated
$KORUB volume is sitting at 0.6x its weekly average while price sits at 10.6400 Most traders chase the 5.1 percent daily green without checking the fuel behind it When a move happens on low volume it often fades because buyers are not really there Look at the exchange volume tab and compare the 24 hour bar to the simple moving average line If the daily bar is shorter than that line the move lacks institutional weight $KORUB went from a low of 9.5900 up to 10.8600 today but on below average participation Always check the volume ratio before trusting any breakout continuation What is your minimum volume multiplier for taking a breakout trade