A new $TRUMP 24-hour high, current price 1.687, previous high 1.675.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest scenario
② Move sideways near the previous high: turnover, waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: a false breakout
The price is currently above the previous high. Watch to see whether scenario ① or ② plays out.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then make a new high: the healthiest scenario
② Move sideways near the previous high: turnover, waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: a false breakout
The price is currently above the previous high. Watch to see whether scenario ① or ② plays out.
