New high for $ICNT 30; current price 0.1398, previous high 0.1376.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then climb another step: strongest
② Trade back and forth near the previous high: a change of hands; watch for direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
It’s still above the previous high for now, so let’s see whether it follows ① or ②.
I may be wrong, so don’t follow this blindly.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then climb another step: strongest
② Trade back and forth near the previous high: a change of hands; watch for direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
It’s still above the previous high for now, so let’s see whether it follows ① or ②.
I may be wrong, so don’t follow this blindly.