$LAB 7 hit a new daily high; current price: 0.05552, previous high: 0.055.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then climb another step: the healthiest scenario
② Move sideways near the previous high: turnover, while waiting for direction
③ Quickly fall back below the previous high and fail to recover: a false breakout
Price is currently above the previous high. Watch to see whether it follows scenario ① or ②.
#LAB
Make your own decisions about when to enter and exit. Don’t follow the crowd.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then climb another step: the healthiest scenario
② Move sideways near the previous high: turnover, while waiting for direction
③ Quickly fall back below the previous high and fail to recover: a false breakout
Price is currently above the previous high. Watch to see whether it follows scenario ① or ②.
#LAB
Make your own decisions about when to enter and exit. Don’t follow the crowd.