$VVV 5-minute rally of 1.6%, trading at 22.844, with a 24-hour range of 21.274–23.768.
A genuine breakout is often accompanied by high volume, while false breakouts often lack volume. This is one of the filters I pay close attention to.
My approach to this kind of rally is: don’t chase the initial move; wait for a pullback to stabilize before considering an entry.
A genuine breakout is often accompanied by high volume, while false breakouts often lack volume. This is one of the filters I pay close attention to.
My approach to this kind of rally is: don’t chase the initial move; wait for a pullback to stabilize before considering an entry.