Definition
ATH is the peak print on the chart. It doubles as resistance: traders who bought near that level are waiting to sell at breakeven, which creates a ceiling on the next rally.
Break through ATH with volume and you're in 'price discovery' — no overhead supply, and momentum tends to feed itself. That's also when FOMO buying peaks, which is often when it's time to start taking profit, not add more.
Examples
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Rejected at previous ATH three times — that's the level to watch.
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New ATH on Binance listing day, then a 70% retrace.
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Price discovery mode — no sellers left from the last cycle.
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