After hitting a new high on $BIRB 90 days, there are usually three possible paths:
① It retests 0.07635 and holds, turning the previous high into support; ② It consolidates near the highs as volume gradually contracts; ③ It falls back below 0.07635, turning into a false breakout.
The current price is 0.09319, still above the previous high, so it’s too early to tell which path this will take. Turnover this time was 26.4 times the 20-day average, so whether volume can keep up will be key.
Signal or noise?
Data is for reference only; don’t take it as fact.
① It retests 0.07635 and holds, turning the previous high into support; ② It consolidates near the highs as volume gradually contracts; ③ It falls back below 0.07635, turning into a false breakout.
The current price is 0.09319, still above the previous high, so it’s too early to tell which path this will take. Turnover this time was 26.4 times the 20-day average, so whether volume can keep up will be key.
Signal or noise?
Data is for reference only; don’t take it as fact.