$VVV 24-hour high, current price 22.114, previous high 21.973.
After a new high, there are usually three possible moves:
① Pulls back to the previous high and holds, then moves up another level: strongest
② Churns around the previous high: consolidation, waiting for direction
③ Falls back below the previous high and fails to recover: bull trap
For now, it’s still above the previous high. Watch whether it follows ① or ②.
#VVV
After a new high, there are usually three possible moves:
① Pulls back to the previous high and holds, then moves up another level: strongest
② Churns around the previous high: consolidation, waiting for direction
③ Falls back below the previous high and fails to recover: bull trap
For now, it’s still above the previous high. Watch whether it follows ① or ②.
#VVV