$US 5 minutes +2.72%, current price 0.02547. If you're itching to chase, ask yourself three questions first:
① It still hasn't broken above the 24-hour high of 0.0364—is the risk/reward good enough?
② It's still down 6.63% over 24 hours. Do you know whether this is a rebound or a reversal?
③ Have you decided where to place your stop-loss?
Only make a move once you've thought through all three. If you can't answer them, it's better to let this one pass.
How well it holds up during its first pullback after a rally says the most about its strength.
For reference only; not investment advice.
① It still hasn't broken above the 24-hour high of 0.0364—is the risk/reward good enough?
② It's still down 6.63% over 24 hours. Do you know whether this is a rebound or a reversal?
③ Have you decided where to place your stop-loss?
Only make a move once you've thought through all three. If you can't answer them, it's better to let this one pass.
How well it holds up during its first pullback after a rally says the most about its strength.
For reference only; not investment advice.