$AVA 5 minutes, +11.6%, current price 0.2651. If you're thinking of chasing it, ask yourself three questions first:
① It hasn't broken above the 24h high of 0.2675 yet—is the risk/reward still worthwhile?
② This was a sudden spike. What will you do if it pulls back?
③ Do you know where you'll set your stop-loss?
Only make a move if you can answer all three. If not, it's better to wait.
The first pullback after a rally is the best test of its true strength.
① It hasn't broken above the 24h high of 0.2675 yet—is the risk/reward still worthwhile?
② This was a sudden spike. What will you do if it pulls back?
③ Do you know where you'll set your stop-loss?
Only make a move if you can answer all three. If not, it's better to wait.
The first pullback after a rally is the best test of its true strength.