$The bull is coming: 24-hour high, current price 0.0575, previous high 0.05678.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then climb another step: strongest
② Churn around the previous high: changing hands, direction unclear
③ Fall back below the previous high and fail to reclaim it: bull trap
Currently above the previous high; first, watch whether it’s scenario ① or ②.
After a new high, there are generally three possible moves:
① Pull back to the previous high without breaking below it, then climb another step: strongest
② Churn around the previous high: changing hands, direction unclear
③ Fall back below the previous high and fail to reclaim it: bull trap
Currently above the previous high; first, watch whether it’s scenario ① or ②.
