$ZAMA 24-hour high, current price 0.08066, previous high 0.07939.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest scenario
② Choppy action around the previous high: turnover as the market decides on a direction
③ Drop below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high, so let's see whether it follows ① or ②.
#ZAMA
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest scenario
② Choppy action around the previous high: turnover as the market decides on a direction
③ Drop below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high, so let's see whether it follows ① or ②.
#ZAMA