$APR 24-hour high, current price 0.03722, previous high 0.03656.
After a new high, there are usually three possible moves:
① Pull back to the previous high without breaking below it, then climb another step: the healthiest scenario
② Choppy trading around the previous high: consolidation while the market decides its direction
③ Fall straight back below the previous high and fail to reclaim it: a false breakout
For now, the price is above the previous high. Watch to see whether scenario ① or ② plays out.
It's your money, so the decision is yours.
After a new high, there are usually three possible moves:
① Pull back to the previous high without breaking below it, then climb another step: the healthiest scenario
② Choppy trading around the previous high: consolidation while the market decides its direction
③ Fall straight back below the previous high and fail to reclaim it: a false breakout
For now, the price is above the previous high. Watch to see whether scenario ① or ② plays out.
It's your money, so the decision is yours.
