Keep an Eye on HIGH! πŸ“ˆ Bullish Breakout Alert! πŸš€

πŸ’Ž Paradisers, #HIGH has recently broken out of a trendline and formed an inverse head and shoulders pattern, accompanied by CHoCH and BOS, indicating a bullish market structure.

πŸ’ŽIf #HIGHUSDT manages to break above the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish move.

πŸ’ŽIn the event of a pullback, we may anticipate a bounce from the demand level, although the probability of this scenario is relatively low, so caution is advised.

πŸ’ŽHowever, if the price breaks down below the demand level or falls below the right shoulder of the pattern, it would invalidate the pattern and be considered bearish. In such cases, it's advisable to refrain from immediate action and wait for clearer price action to emerge.

πŸ’ŽIf you're new to technical analysis and feeling uncertain, don't hesitate to reach out via DM or comment below. I'm here to provide guidance and support.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?


πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.