$VIRTUAL 24-hour high, current price 0.7281, previous high 0.7231.
There are three common moves after a new high:
① Retest the previous high without breaking below it, then make a new high: the healthiest scenario
② Consolidate around the previous high: digest the move and wait for direction
③ Quickly fall below the previous high and fail to reclaim it: a bull trap
Price is still above the previous high. Watch to see whether it follows scenario ① or ②.
#VIRTUAL
Volatility is high, so use leverage responsibly.
There are three common moves after a new high:
① Retest the previous high without breaking below it, then make a new high: the healthiest scenario
② Consolidate around the previous high: digest the move and wait for direction
③ Quickly fall below the previous high and fail to reclaim it: a bull trap
Price is still above the previous high. Watch to see whether it follows scenario ① or ②.
#VIRTUAL
Volatility is high, so use leverage responsibly.