$ATOM 7 new high today, current price 1.859, previous high 1.848.
After a new high, there are generally three possible scenarios:
① Pull back to the previous high, hold above it, then make another new high: strongest
② Move sideways near the previous high: consolidation, waiting for direction
③ Quickly fall below the previous high and fail to reclaim it: a bull trap
Currently above the previous high; watching to see whether it follows ① or ②.
#ATOM
Personal notes, not investment advice.
After a new high, there are generally three possible scenarios:
① Pull back to the previous high, hold above it, then make another new high: strongest
② Move sideways near the previous high: consolidation, waiting for direction
③ Quickly fall below the previous high and fail to reclaim it: a bull trap
Currently above the previous high; watching to see whether it follows ① or ②.
#ATOM
Personal notes, not investment advice.