Yeah, that could be considered chasing, but you need to look at all variables involved. Has it gone supernova before? What does level 2 look like? How fast is it moving? What does the chart look like? Where's the next resistance level? Other indicators?
I would consider it chasing. 10% gain is value is a enough for it to reverse soon.
Yeah, that could be considered chasing, but you need to look at all variables involved. Has it gone supernova before? What does level 2 look like? How fast is it moving? What does the chart look like? Where's the next resistance level? Other indicators?
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