And if you aren't an experienced trader who has consistently had winning trades (for years) just wait. It would be easy to get stopped out here if you set your stop too tight. IMO it might be another bull trap and I would feel more comfortable waiting for $7500 to buy but if this is not a fake out you lose $1000 in profit. I don't like the reward for the risk buying right now though: volume is still too low. May well be still stuck in a trading range.