A $MINA 24-hour high, current price 0.0884, previous high 0.08705.
After a new high, there are generally three possible paths:
① Pull back to the previous high without breaking below it, then move up another step: the healthiest scenario
② Churn repeatedly around the previous high: changing hands and waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
Right now, it's above the previous high. First, let's see whether it follows scenario ① or ②.
#MINA
Don't treat this as a basis for trading.
After a new high, there are generally three possible paths:
① Pull back to the previous high without breaking below it, then move up another step: the healthiest scenario
② Churn repeatedly around the previous high: changing hands and waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
Right now, it's above the previous high. First, let's see whether it follows scenario ① or ②.
#MINA
Don't treat this as a basis for trading.