$HBAR 24-hour high, current price 0.06817, previous high 0.06754.
After a new high, three common patterns are:
① Retest the previous high without breaking below it, then make a new high: healthiest
② Choppy trading around the previous high: digesting, direction still unclear
③ Quickly fall back below the previous high and fail to reclaim it: bull trap
Price is still above the previous high for now. Let’s see whether it’s pattern ① or ②.
After a new high, three common patterns are:
① Retest the previous high without breaking below it, then make a new high: healthiest
② Choppy trading around the previous high: digesting, direction still unclear
③ Quickly fall back below the previous high and fail to reclaim it: bull trap
Price is still above the previous high for now. Let’s see whether it’s pattern ① or ②.
