$DOS 5 minutes +2.26%, current price 0.222. If you're itching to chase the price, first ask yourself three questions:
① The 24h high of 0.2425 hasn't been broken yet. Is the risk/reward ratio good enough?
② This is a sudden spike. What will you do if it pulls back?
③ Do you have an answer for where to set your stop-loss?
Think all three through before deciding. If you can't answer them, it may be better to wait a little longer.
The first pullback after a sharp rally is the best way to gauge the strength of buying pressure.
#DOS
Don't treat this as a buy or sell signal.
① The 24h high of 0.2425 hasn't been broken yet. Is the risk/reward ratio good enough?
② This is a sudden spike. What will you do if it pulls back?
③ Do you have an answer for where to set your stop-loss?
Think all three through before deciding. If you can't answer them, it may be better to wait a little longer.
The first pullback after a sharp rally is the best way to gauge the strength of buying pressure.
#DOS
Don't treat this as a buy or sell signal.