$GRVT 30 new high today (has now fallen back below the previous high), current price 0.2637, previous high 0.2658.
After a new high, there are usually three possible patterns:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest pattern
② Repeatedly fluctuate around the previous high: watch for turnover and wait for a direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
There are signs of ③ at the moment. The key is whether it can reclaim the previous high.
#GRVT
After a new high, there are usually three possible patterns:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest pattern
② Repeatedly fluctuate around the previous high: watch for turnover and wait for a direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
There are signs of ③ at the moment. The key is whether it can reclaim the previous high.
#GRVT