You've spotted a clean uptrend. The wrong move is to chase it at the highs — you get a terrible price and a wide stop (chasing the entry). The pullback entry waits for the trend to catch its breath, then joins on the resumption.

The setup

In an established uptrend, price rarely goes straight up — it pulls back to a reference level (a rising moving average, VWAP, or a prior breakout level), finds buyers, and resumes. The strategy: wait for the dip to that level, confirm it holds, and enter on the resumption in the trend's direction (the mirror applies to downtrends).

Why it's better than chasing

A pullback entry gives you two edges: a better price (you buy the dip, not the peak) and a tighter stop (just below the level that held, so risk is small and defined). Chasing gives you the opposite — worst price, widest stop, right before the pullback you could have bought.

The trend is your friend, but the chase is not. Let the trend come to you; it always pulls back before it pays.

Confirming the hold

The key is that the level holds and resumes — a pullback that slices straight through the moving average isn't a dip to buy, it's a trend change. Wait for the bounce to confirm (breakout vs fakeout). NoVo's mechanical continuation gate uses exactly this: an EMA/VWAP pullback that holds and resumes is one of its trend triggers. See intraday trend following and VWAP.