$WLFI 24-hour high; current price: 0.0558, previous high: 0.0556.
Three common patterns after a new high:
① Pull back to the previous high, hold above it, then make a new high: strongest
② Move sideways near the previous high: rotation, waiting for direction
③ Fall back below the previous high and fail to reclaim it: false breakout
For now, price is above the previous high. Watch to see whether it follows pattern ① or ②.
The above is for informational purposes only and does not constitute investment advice.
Three common patterns after a new high:
① Pull back to the previous high, hold above it, then make a new high: strongest
② Move sideways near the previous high: rotation, waiting for direction
③ Fall back below the previous high and fail to reclaim it: false breakout
For now, price is above the previous high. Watch to see whether it follows pattern ① or ②.
The above is for informational purposes only and does not constitute investment advice.