$BAT 24-hour high, current price 0.1255, previous high 0.1241.
After reaching a new high, there are three common moves:
① Pull back to the previous high without breaking below it, then move up another step: strongest
② Churn around the previous high: consolidation, waiting for direction
③ Quickly fall back below the previous high and fail to recover: false breakout
For now, price is above the previous high. First, let’s see whether it follows ① or ②.
#BAT
After reaching a new high, there are three common moves:
① Pull back to the previous high without breaking below it, then move up another step: strongest
② Churn around the previous high: consolidation, waiting for direction
③ Quickly fall back below the previous high and fail to recover: false breakout
For now, price is above the previous high. First, let’s see whether it follows ① or ②.
#BAT
