$XNY 7 hit a new high today, current price 0.006836, previous high 0.006707.
After a new high, there are three common patterns:
① Pull back to the previous high and hold, then make a new high: the healthiest pattern
② Move sideways near the previous high: turnover as the market waits for direction
③ Quickly fall below the previous high and fail to reclaim it: a bull trap
Currently above the previous high; watch to see whether it follows ① or ②.
#XNY
This may not be accurate, so don't treat it as advice.
After a new high, there are three common patterns:
① Pull back to the previous high and hold, then make a new high: the healthiest pattern
② Move sideways near the previous high: turnover as the market waits for direction
③ Quickly fall below the previous high and fail to reclaim it: a bull trap
Currently above the previous high; watch to see whether it follows ① or ②.
#XNY
This may not be accurate, so don't treat it as advice.