$RENDER 4-hour new high, current price 2.131, previous high 2.122.
After a new high, there are three common scenarios:
① Pull back to the previous high, hold, then make a new high: strongest
② Chop around the previous high: consolidation; watch for direction
③ Quickly fall back below the previous high and fail to reclaim it: bull trap
It's still above the previous high for now. Let's see whether it follows ① or ②.
#RENDER
Just chatting—this is not financial advice.
After a new high, there are three common scenarios:
① Pull back to the previous high, hold, then make a new high: strongest
② Chop around the previous high: consolidation; watch for direction
③ Quickly fall back below the previous high and fail to reclaim it: bull trap
It's still above the previous high for now. Let's see whether it follows ① or ②.
#RENDER
Just chatting—this is not financial advice.