5min chart or recent bullish activity

I am not convinced of this run. It looks like it could fall at any moment. And right now looks poised to retest 241 again. If that happens I imagine all hope will be lost and we bleed back into previous range.
Or
lots of people buy the dip, and
a) we go back up and continue with increasing volume.
b) we begin a quicker trip down, squeezing the longs.

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