$MET 24-hour high, current price 0.3043, previous high 0.3004.
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: consolidation while the market decides on a direction
③ Drop straight back below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high. Let’s see 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 make a new high: the healthiest scenario
② Move sideways near the previous high: consolidation while the market decides on a direction
③ Drop straight back below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high. Let’s see whether it’s scenario ① or ②.
