$NIL 24-hour high, current price 0.08166, previous high 0.07936.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then move up another level: the healthiest scenario
② Keep fluctuating around the previous high: consolidation; wait to see which way it goes
③ Drop straight below the previous high and fail to recover it: a bull trap
For now, the price is still above the previous high. Let's see whether it follows scenario ① or ②.
#NIL
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then move up another level: the healthiest scenario
② Keep fluctuating around the previous high: consolidation; wait to see which way it goes
③ Drop straight below the previous high and fail to recover it: a bull trap
For now, the price is still above the previous high. Let's see whether it follows scenario ① or ②.
#NIL
