$PNUT 24-hour high, current price 0.0402, previous high 0.03989.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: strongest
② Churn around the previous high: consolidation; wait for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high; watch to see whether it follows ① or ②.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: strongest
② Churn around the previous high: consolidation; wait for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high; watch to see whether it follows ① or ②.
