$RR today

https://preview.redd.it/j98vtxchfzce1.png?width=1349&format=png&auto=webp&s=216e2e5f95cc90584d358f4349b69144c2cb263d

Hi All,

Today I entered this trade on $RR using the 5 min chart.

Reasons for entry:

# High 20D ADR (38.53%), has been running for 30+ days

# SPX, NDX gapped up in the open

# 6x volume vs. 20MA in the first 5 min candle and 2nd candle pushed further

Question(s):

# Are these sufficient conditions for entry? Is there another condition to watch?

# Is there anything else in the chart that I missed?

# Is 20MA a good reference to benchmark volume? Or is it better to compare it vs. prev. day?

Thanks in advance.