We’ve just witnessed an extreme intraday surge of over 28% within roughly 40 minutes, fueled by significantly higher volume. This kind of sudden spike often signals a strong wave of bullish buying, and can be the start of a larger rally if momentum holds. However, dramatic moves like this are prone to swift pullbacks as traders lock in profits. Keep an eye on whether price consolidates above new support levels—if so, it could be a stepping stone to further upside.
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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.