Catalyst move or liquidity grab? A 60-second overnight filter

Overnight spikes feel urgent. Most of them are not.

The 60-second filter

1. Can you name the catalyst in one sentence?
2. Did volume expand and hold?
3. Did the book refill on the bid (or ask) after the move?
4. Would you still want this trade at the open?

If you fail two of four, stand down. Education is knowing when not to click.