$DUSK: being on a rapid-riser list is a reason to investigate, not a reason to chase.
Square's momentum discussion is energetic, but I would separate a strong-looking move from a usable setup. If the only way to join is to accept a much wider invalidation distance, waiting can be the better decision. A pullback is useful only if buyers actually defend it; a falling candle is not automatically a discount.
Futures is at 0.11374. The last 24 completed 1H candles define a lower range boundary at 0.09751 and an upper boundary at 0.11647. Neither is a proven multi-touch level.
An hourly close above the upper boundary followed by a retest that holds would support continuation. A return inside the range would weaken that case. An hourly close below the lower boundary and a failed reclaim would favor caution; reclaiming the range would challenge that bearish view.
I am watching the quality of the next test, not assuming the strongest recent mover must keep rising. Conditional commentary, not a confirmed trade signal.
Square's momentum discussion is energetic, but I would separate a strong-looking move from a usable setup. If the only way to join is to accept a much wider invalidation distance, waiting can be the better decision. A pullback is useful only if buyers actually defend it; a falling candle is not automatically a discount.
Futures is at 0.11374. The last 24 completed 1H candles define a lower range boundary at 0.09751 and an upper boundary at 0.11647. Neither is a proven multi-touch level.
An hourly close above the upper boundary followed by a retest that holds would support continuation. A return inside the range would weaken that case. An hourly close below the lower boundary and a failed reclaim would favor caution; reclaiming the range would challenge that bearish view.
I am watching the quality of the next test, not assuming the strongest recent mover must keep rising. Conditional commentary, not a confirmed trade signal.