$PONS 24-hour high, current price 0.2039, previous high 0.199.
After a new high, three common patterns are:
① Pull back to the previous high, hold, then make a new high: strongest
② Consolidate near the previous high: rotation, waiting for direction
③ Fall straight back below the previous high and fail to reclaim it: false breakout
Price is currently above the previous high; watch whether it follows ① or ②.
After a new high, three common patterns are:
① Pull back to the previous high, hold, then make a new high: strongest
② Consolidate near the previous high: rotation, waiting for direction
③ Fall straight back below the previous high and fail to reclaim it: false breakout
Price is currently above the previous high; watch whether it follows ① or ②.