$CTK, this thing's rise is getting kind of crazy.
Current price around $0.1362
Up about 10.5% in 24h, but volume is weak
Analysis: It shot up 5.44% in just 5 minutes, hit a high of 0.195, then dropped back down. That move was way too sharp, and volume didn't follow at all. Damn, the biggest risk with this kind of move is that it won't hold. First, let's see if it can stay above 0.13. If it can't, just keep waiting. That wick up to 0.195 was way too deep. Until it breaks through again with volume, chasing it is just a gamble. Either way, I'm staying out and waiting for it to show a clear direction. After a sharp pump, it usually needs to consolidate for a while. I'll wait for a retest and confirmation before taking another look; without confirmation, I'll just watch. Did you chase it here?
Current price around $0.1362
Up about 10.5% in 24h, but volume is weak
Analysis: It shot up 5.44% in just 5 minutes, hit a high of 0.195, then dropped back down. That move was way too sharp, and volume didn't follow at all. Damn, the biggest risk with this kind of move is that it won't hold. First, let's see if it can stay above 0.13. If it can't, just keep waiting. That wick up to 0.195 was way too deep. Until it breaks through again with volume, chasing it is just a gamble. Either way, I'm staying out and waiting for it to show a clear direction. After a sharp pump, it usually needs to consolidate for a while. I'll wait for a retest and confirmation before taking another look; without confirmation, I'll just watch. Did you chase it here?