$ALICE 24-hour high, current price 0.1792, previous high 0.1784.
After a new high, price generally moves in one of three ways:
① Pulls back to the previous high without breaking below it, then makes a new high: strongest
② Moves sideways around the previous high: consolidates and waits for direction
③ Quickly falls back below the previous high and fails to recover: bull trap
For now, price is still above the previous high. Watch to see whether it follows ① or ②.
#ALICE
This view is for discussion only. You are responsible for your own gains and losses. Participate rationally.
After a new high, price generally moves in one of three ways:
① Pulls back to the previous high without breaking below it, then makes a new high: strongest
② Moves sideways around the previous high: consolidates and waits for direction
③ Quickly falls back below the previous high and fails to recover: bull trap
For now, price is still above the previous high. Watch to see whether it follows ① or ②.
#ALICE
This view is for discussion only. You are responsible for your own gains and losses. Participate rationally.