A new $MINA 24-hour high, with the current price at 0.0787 and the previous high at 0.07795.
After reaching a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then move up another step: strongest
② Consolidate around the previous high: digest the move and wait for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
For now, the price is above the previous high. First, let's see whether it follows ① or ②.
After reaching a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then move up another step: strongest
② Consolidate around the previous high: digest the move and wait for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
For now, the price is above the previous high. First, let's see whether it follows ① or ②.