$TA 30 New daily high, current price 0.09488, previous high 0.0942.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then move up another step: strongest
② Consolidate near the previous high: changing hands, direction still unclear
③ Fall back below the previous high and fail to reclaim it: false breakout
For now, it's still above the previous high, so let's see whether it follows ① or ②.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then move up another step: strongest
② Consolidate near the previous high: changing hands, direction still unclear
③ Fall back below the previous high and fail to reclaim it: false breakout
For now, it's still above the previous high, so let's see whether it follows ① or ②.
