A new high over $PUMP 24 hours; current price: 0.004246, previous high: 0.004222.
After a new high, there are usually three possible moves:
① Pull back to the previous high and hold, then make another new high: the healthiest outcome
② Move sideways near the previous high: a change of hands while the market decides on a direction
③ Drop back below the previous high and fail to reclaim it: a false breakout
The price is still above the previous high. Watch to see whether it follows ① or ②.
Don’t use this as the basis for making trades.
After a new high, there are usually three possible moves:
① Pull back to the previous high and hold, then make another new high: the healthiest outcome
② Move sideways near the previous high: a change of hands while the market decides on a direction
③ Drop back below the previous high and fail to reclaim it: a false breakout
The price is still above the previous high. Watch to see whether it follows ① or ②.
Don’t use this as the basis for making trades.
