A new $STRK 30-day high; current price: 0.07416, previous high: 0.0723.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold, then move up another step: the healthiest scenario
② Chop around the previous high: consolidation while waiting for direction
③ Fall back below the previous high and fail to reclaim it: a bull trap
For now, price is still above the previous high. Let's see whether this is scenario ① or ②.
#STRK
For reference only; not investment advice.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold, then move up another step: the healthiest scenario
② Chop around the previous high: consolidation while waiting for direction
③ Fall back below the previous high and fail to reclaim it: a bull trap
For now, price is still above the previous high. Let's see whether this is scenario ① or ②.
#STRK
For reference only; not investment advice.