New $STBL 24-hour high; current price: 0.02617, previous high: 0.02549.
After a new high, price generally moves in one of three ways:
① Pulls back to the previous high, holds, then makes a new high: the healthiest scenario
② Chops around the previous high: consolidating and waiting for direction
③ Drops below the previous high and fails to reclaim it: a bull trap
Price is currently above the previous high; watch to see whether it follows ① or ②.
After a new high, price generally moves in one of three ways:
① Pulls back to the previous high, holds, then makes a new high: the healthiest scenario
② Chops around the previous high: consolidating and waiting for direction
③ Drops below the previous high and fails to reclaim it: a bull trap
Price is currently above the previous high; watch to see whether it follows ① or ②.