Bulls and bears are already at each other’s throats at this level. $MUB is up 13.18% in a day, trading at 811.63—just a step away from its 24-hour high of 813.50.
It’s climbed all the way up from 700.17, with 24-hour trading volume at 26.0M. There are definitely plenty of people chasing it. But before jumping in at this level, you have to ask yourself: if it pulls back, it could happen in a single red candle; but if you stay out and it breaks above the high tomorrow and keeps running, you’ll be the one kicking yourself.
If it were up to me, I’d lean more toward sitting on the sidelines. But if it really gets above 813.50, my view would change immediately—a breakout is a breakout; there’s no point stubbornly arguing otherwise.
Once it gets above 813.50, do you think it can keep pushing higher, or has distribution already begun?
$MUB
#MUB #Market Analysis
It’s climbed all the way up from 700.17, with 24-hour trading volume at 26.0M. There are definitely plenty of people chasing it. But before jumping in at this level, you have to ask yourself: if it pulls back, it could happen in a single red candle; but if you stay out and it breaks above the high tomorrow and keeps running, you’ll be the one kicking yourself.
If it were up to me, I’d lean more toward sitting on the sidelines. But if it really gets above 813.50, my view would change immediately—a breakout is a breakout; there’s no point stubbornly arguing otherwise.
Once it gets above 813.50, do you think it can keep pushing higher, or has distribution already begun?
$MUB
#MUB #Market Analysis