$ID Right now, this position is really not suitable for chasing highs. The price is just hitting a previous minor high, and there's also the 120-day moving average overhead, so in the short term, it's highly likely we'll see a pullback to shake out some weak hands.
But one thing to note is that this wave of contract open interest and trading volume has surged together, indicating that real capital is entering the market, not just some fake pump and dump. To put it simply, the bullish sentiment is still there; it's just that the main players are more likely to shake things out first and throw off those who are chasing the highs.

So don’t just jump in because the price is rising; if you chase it now, you could easily get spooked and cut losses on a pullback. A more comfortable strategy would be to wait for a retracement to the Fibonacci 0.5 support level before considering a dip buy.
In trading, the hardest part isn’t predicting the right direction, but rather holding onto your positions. Chasing highs can easily turn into bag-holding, while waiting for a pullback to enter makes both your mindset and risk-reward ratio much more manageable.

$ID