The name “STONK” clearly looks like it’s here to cause trouble. It surged 77% in 24 hours and the turnover was over 7 million, but net outflows were 130k. There are 9 “smart money” participants in it. For this kind of line, I usually watch two more candles. If it runs too fast without a pullback, I don’t chase it in—because it just feels uncomfortable.
If it can hold steady around 0.027, and the volume can compress a bit, then we can talk. Don’t just look at the gainers list—watch what happens when it retraces, and see if anyone is stepping in to buy.
If it can hold steady around 0.027, and the volume can compress a bit, then we can talk. Don’t just look at the gainers list—watch what happens when it retraces, and see if anyone is stepping in to buy.