$JUP 7 hit a new daily high; current price: 0.369, previous high: 0.3602.
After reaching a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then make a new high: the healthiest scenario
② Move sideways near the previous high: consolidation while waiting for direction
③ Fall straight back below the previous high and fail to reclaim it: a false breakout
It is currently above the previous high. Watch to see whether it follows scenario ① or ②.
#JUP
Stay rational and act within your means.
After reaching a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then make a new high: the healthiest scenario
② Move sideways near the previous high: consolidation while waiting for direction
③ Fall straight back below the previous high and fail to reclaim it: a false breakout
It is currently above the previous high. Watch to see whether it follows scenario ① or ②.
#JUP
Stay rational and act within your means.