$AIOT The daily chart has now posted gains for 7 consecutive days. Generally, there are three things to consider:
1) How large is the move? +87.34% is substantial, and the risk-reward ratio for chasing the rally is worsening;
2) Has the streak been broken today? It’s currently down 6.16%, so the streak is being interrupted;
3) What was the volume on the day it was interrupted? Be more cautious with a high-volume bearish candle than a low-volume one.
Share your predictions in the comments, and we’ll review them in a few days.
#AIOT
1) How large is the move? +87.34% is substantial, and the risk-reward ratio for chasing the rally is worsening;
2) Has the streak been broken today? It’s currently down 6.16%, so the streak is being interrupted;
3) What was the volume on the day it was interrupted? Be more cautious with a high-volume bearish candle than a low-volume one.
Share your predictions in the comments, and we’ll review them in a few days.
#AIOT
