Quick technical analysis to I'm sure people aren't just jumping in because price is moving out. You would want to look for other confirmations before jumping in at this point. Price still does have the potential to go down. So take advantage of the time to observe the price movement over the next couple trading days. I would like to see price get back above the demand zone before making an educated decision.
As always, please let me know if you see something I didn't catch.
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.