$Q After reaching a one-year high, there are usually three possible paths:
① It retests 0.07248 and holds, turning the previous high into support; ② It consolidates near the highs as volume gradually tapers off; ③ It falls back below 0.07248, turning into a false breakout.
The current price is 0.07563, still above the previous high, so it’s too early to tell which path it will take. Trading volume this time was 3.2 times the 20-day average, so whether volume can hold up going forward is key.
Describe your current view in one word?
① It retests 0.07248 and holds, turning the previous high into support; ② It consolidates near the highs as volume gradually tapers off; ③ It falls back below 0.07248, turning into a false breakout.
The current price is 0.07563, still above the previous high, so it’s too early to tell which path it will take. Trading volume this time was 3.2 times the 20-day average, so whether volume can hold up going forward is key.
Describe your current view in one word?