$GTC 5 minutes +3.17%, current price 0.1861. If you're itching to chase, ask yourself three questions first:
① It hasn't yet broken above the 24h high of 0.2011. Is the risk/reward ratio good enough?
② It's still down -2.61% over 24h. Do you know whether this is a rebound or a trend reversal?
③ Do you know where you'll set your stop-loss?
Think through all three before deciding. If you don't have answers, it's better to sit this one out.
#GTC
In volatile markets, risk management comes first.
① It hasn't yet broken above the 24h high of 0.2011. Is the risk/reward ratio good enough?
② It's still down -2.61% over 24h. Do you know whether this is a rebound or a trend reversal?
③ Do you know where you'll set your stop-loss?
Think through all three before deciding. If you don't have answers, it's better to sit this one out.
#GTC
In volatile markets, risk management comes first.