$HIGH š ALTCOIN GEM ALERT: HIGH/USDT - Potential Reversal? š
āThe HIGH/USDT chart shows a classic "Pump and Dump" recovery pattern playing out over the last few days, and we might be nearing a crucial decision point!
āšÆ The Setup
ā The Dump: After an explosive pump to $0.4396 on November 9th, the price has been consistently bleeding back down.
āThe Current Price: $0.2810. We are now sitting right above the pre-pump launch price area around $0.240.
āšØ The Critical Signal
āKEY SUPPORT TEST: The initial launch level of $0.24 -$0.25 is the absolute must-hold support. This is where demand previously stepped in.
ā Reversal Confirmation: Watch for a move back and a clear close above $0.30 on high volume. This would suggest the selling pressure is exhausted and bulls are attempting a recovery.
āMACD WATCH: The MACD is extremely flat and close to zero (DIF: -0.0039, DEA:-0.0040). This indicates low volatility and a potential shift in momentum is imminent! A bullish crossover here would be a strong confirmation signal.
āā ļø Trade Caution
ā This is a high-risk, high-reward play. Trading volatile alts requires tight risk management.
āIf $0.24 breaks, expect a sharp drop.
ā Conclusion: HIGH is consolidating at a key zone. Waiting for the break above $0.30 for a safe entry, or watching for a strong bounce off the $0.24 support!
āDo your own research (DYOR). Not financial advice.
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