People who were waiting for a pullback yesterday are waiting for an even higher price today. Intel $INTC rose 3.83% in a day to 61.81 (the price of the corresponding USDT perpetual contract on OKX), after reaching a 24-hour high of 64.15.
Honestly, this kind of rally is most agonizing for people sitting on the sidelines: it’s not an outrageous surge, but it keeps edging up day after day. You wait for a pullback that never comes, and are afraid to get in now in case you’re buying near the top. Those already holding are feeling pretty comfortable, since it’s barely pulled back at all over the past couple of days.
I could be wrong, but my take is this: if you chase it now, you’re making money on sentiment and risking losses on a pullback. The math doesn’t look worthwhile. I’ll admit if I’m wrong—the key level is 64.15. If it holds above that, then it holds above that.
At this level, are you more nervous holding it or not holding it?
#INTC #USStocks
Honestly, this kind of rally is most agonizing for people sitting on the sidelines: it’s not an outrageous surge, but it keeps edging up day after day. You wait for a pullback that never comes, and are afraid to get in now in case you’re buying near the top. Those already holding are feeling pretty comfortable, since it’s barely pulled back at all over the past couple of days.
I could be wrong, but my take is this: if you chase it now, you’re making money on sentiment and risking losses on a pullback. The math doesn’t look worthwhile. I’ll admit if I’m wrong—the key level is 64.15. If it holds above that, then it holds above that.
At this level, are you more nervous holding it or not holding it?
#INTC #USStocks