$AIOT 30-day high, current price 0.1072, previous high 0.1056.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then move up another level: strongest
② Repeatedly fluctuate around the previous high: consolidation while waiting for direction
③ Drop straight 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.
#AIOT
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then move up another level: strongest
② Repeatedly fluctuate around the previous high: consolidation while waiting for direction
③ Drop straight 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.
#AIOT
