This is a classic example of FOMO and why you shouldn't chase the price.
I cut my losses early though, so the loss was small.
I gave it a go because of the recent price action with $CEI.
I entered premarket at $0.37 but got out break even and decided to wait for the open to see if there was continuation.
Price broke out at the open and I decided to enter around $0.52 and put a close SL around $0.46.
Unfortunately unlike $CEI, this had no continuation.
Execution detail:
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