$MUB has hit a new 24-hour high.
24h +2.77%, current price 877.11, previous high 873.62.
Structurally, a new high means there are fewer holders trapped above, so short-term resistance is relatively low. However, if the price quickly falls back below the previous high, beware of a bull trap. Anyone who knows more care to weigh in?
Volatility is significant, so manage your position size accordingly.
24h +2.77%, current price 877.11, previous high 873.62.
Structurally, a new high means there are fewer holders trapped above, so short-term resistance is relatively low. However, if the price quickly falls back below the previous high, beware of a bull trap. Anyone who knows more care to weigh in?
Volatility is significant, so manage your position size accordingly.