Up 10.61% in a day. Some say AMD has only just started its run; others say this is a trap for anyone chasing the rally. $AMD is quoted at 446.63, after surging from 401.45 to 460.64 over 24 hours. With swings like that, anyone holding it must have sweaty palms. By the way, this is the price of AMD’s USDT perpetual contract on OKX.
Honestly, this kind of rally is the most agonizing: if you’re not in, you watch it shoot up and want to chase, but worry you’ll buy at the top. If you are holding, sure, it’s gone up—but at a pace of 10% a day, a pullback won’t go easy on you either.
I’m inclined to sit tight and watch for now, since it hasn’t truly cleared 460.64 yet. But if it breaks above 460.64 on strong volume and holds there, I’ll change my mind immediately—that would show this rally is more than a one-day wonder.
With AMD up this much, do you think tonight’s move in U.S. stocks will spill over into crypto?
#美股 #Chips
Honestly, this kind of rally is the most agonizing: if you’re not in, you watch it shoot up and want to chase, but worry you’ll buy at the top. If you are holding, sure, it’s gone up—but at a pace of 10% a day, a pullback won’t go easy on you either.
I’m inclined to sit tight and watch for now, since it hasn’t truly cleared 460.64 yet. But if it breaks above 460.64 on strong volume and holds there, I’ll change my mind immediately—that would show this rally is more than a one-day wonder.
With AMD up this much, do you think tonight’s move in U.S. stocks will spill over into crypto?
#美股 #Chips