$TRUTH The daily chart has posted 5 consecutive up days. Generally, there are three things to consider:
1) How big is the move? +63.53% is substantial, and the risk-reward ratio for chasing the rally is getting worse;
2) Will the streak be broken today? It's currently up +1.95%, so the rise is continuing for now;
3) What will volume be like on the day the streak breaks? A high-volume bearish candle is more concerning than one on low volume.
How would you trade it?
#TRUTH
1) How big is the move? +63.53% is substantial, and the risk-reward ratio for chasing the rally is getting worse;
2) Will the streak be broken today? It's currently up +1.95%, so the rise is continuing for now;
3) What will volume be like on the day the streak breaks? A high-volume bearish candle is more concerning than one on low volume.
How would you trade it?
#TRUTH