To be honest, $FOLKS when I saw that 5-minute +4.32% move just now, my first reaction was to check the volume (24h $10.88 million).
Why check volume first? I've learned the hard way before: when a rally comes on shrinking volume, it's usually just a quick spike, and if you chase it, you'll get trapped.
This time the gain looks relatively healthy, so it's worth watching a bit longer.
What do you usually look at first when you see a pump?
#FOLKS
Personal notes; make your own decision on trades.
Why check volume first? I've learned the hard way before: when a rally comes on shrinking volume, it's usually just a quick spike, and if you chase it, you'll get trapped.
This time the gain looks relatively healthy, so it's worth watching a bit longer.
What do you usually look at first when you see a pump?
#FOLKS
Personal notes; make your own decision on trades.