$ATOM 30 hit a new daily high. Current price: 2.037; previous high: 2.022.
Three common patterns after a new high:
① Pull back to the previous high without breaking below it, then move up another step: healthiest
② Choppy trading around the previous high: consolidation while waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
For now, it’s still above the previous high. Watch to see whether it follows ① or ②.
#ATOM
Three common patterns after a new high:
① Pull back to the previous high without breaking below it, then move up another step: healthiest
② Choppy trading around the previous high: consolidation while waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
For now, it’s still above the previous high. Watch to see whether it follows ① or ②.
#ATOM