$NIGHT 24-hour high, current price 0.04781, previous high 0.04737.
Three common moves after a new high:
① Pull back to the previous high without breaking below, then make a new high: strongest
② Repeatedly move back and forth around the previous high: consolidation; wait for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently still above the previous high; first, see whether it’s ① or ②.
#NIGHT
Markets involve risk; enter with caution.
Three common moves after a new high:
① Pull back to the previous high without breaking below, then make a new high: strongest
② Repeatedly move back and forth around the previous high: consolidation; wait for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently still above the previous high; first, see whether it’s ① or ②.
#NIGHT
Markets involve risk; enter with caution.