HIGH/USDT Perfect bounce retesting phase. Ready for continue UP?
💎 HIGH has been a standout in the market, currently in a pivotal retesting phase at the demand level, which previously acted as a supply area. Notably, HIGH has demonstrated a strong bounce from this demand level, indicating readiness to continue its upward journey.
💎 The LTF (Lower Time Frame) movement shows HIGH in a Bullish Flag pattern, and a successful breakout from this pattern could potentially attract more buyers, probability the coin towards our targeted strong resistance area.
💎 However, should HIGH struggle to break out of the Bullish Flag pattern, it might retreat to the demand area to gather new momentum for another attempt at an upward move.
💎 A critical scenario arises if HIGH fails to maintain its position at the demand level and breaks below it. Such a development would be concerning for HIGH's future trajectory, signaling a possible shift to a downward trend. This could lead HIGH back towards a more substantial support area.
💎 The LTF (Lower Time Frame) movement shows HIGH in a Bullish Flag pattern, and a successful breakout from this pattern could potentially attract more buyers, probability the coin towards our targeted strong resistance area.
💎 However, should HIGH struggle to break out of the Bullish Flag pattern, it might retreat to the demand area to gather new momentum for another attempt at an upward move.
💎 A critical scenario arises if HIGH fails to maintain its position at the demand level and breaks below it. Such a development would be concerning for HIGH's future trajectory, signaling a possible shift to a downward trend. This could lead HIGH back towards a more substantial support area.
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Do you Want to start trading like a PRO?
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Disclaimer
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.