Keep an Eye on HIGH! 📈 Bullish Breakout Alert! 🚀💎 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.
💎If #HIGHUSDT manages to break above the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish move.
💎In 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.
💎However, 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.
💎If 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.
