$MON hit a new 24-hour high, with the current price at 0.02777 and the previous high at 0.02732.
After a new high, there are generally three possible scenarios:
① It pulls back to the previous high, holds, then makes another new high: the healthiest scenario
② It fluctuates around the previous high: consolidation while the market finds direction
③ It falls back below the previous high and can’t reclaim it: a false breakout
It’s currently above the previous high. Watch to see whether it follows scenario ① or ②.
#MON
After a new high, there are generally three possible scenarios:
① It pulls back to the previous high, holds, then makes another new high: the healthiest scenario
② It fluctuates around the previous high: consolidation while the market finds direction
③ It falls back below the previous high and can’t reclaim it: a false breakout
It’s currently above the previous high. Watch to see whether it follows scenario ① or ②.
#MON