$STRK 24-hour high, current price 0.05454, previous high 0.05304.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest scenario
② Chop around the previous high: consolidation while waiting for direction
③ Quickly fall below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high. Let’s see whether it follows ① or ②.
#STRK
This article is for reference only and is not investment advice.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest scenario
② Chop around the previous high: consolidation while waiting for direction
③ Quickly fall below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high. Let’s see whether it follows ① or ②.
#STRK
This article is for reference only and is not investment advice.