$AVA 24-hour new high, current price 0.3165, previous high 0.3151.
After a new high, there are usually three common paths:
① Pull back to the previous high without breaking it, then move up another step: strongest
② Repeatedly fluctuate around the previous high: consolidation, wait and see the direction
③ Directly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high, observe whether it is ① or ②.
After a new high, there are usually three common paths:
① Pull back to the previous high without breaking it, then move up another step: strongest
② Repeatedly fluctuate around the previous high: consolidation, wait and see the direction
③ Directly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high, observe whether it is ① or ②.