🚨 This $HIGH move wasn’t strength… it was the final push before distribution.
🔴 SHORT $HIGH
Entry: $0.440 – $0.450
SL: $0.490
TP1: $0.380 | TP2: $0.320 | TP3: $0.280
After a massive 280%+ rally, price spiked into the highs —
then printed a clear rejection.
That move above $0.580?
Not a breakout… a liquidity sweep.
Now showing shooting star + bearish engulfing →
buyers exhausted, sellers stepping in.
Price already losing the 20 EMA —
momentum shifting from expansion to distribution.
If this holds → deeper retrace follows 📉
If reclaimed → setup invalid, exit fast ❌
📌 Plan:
Stay below = ride the drop
Reclaim = no trade
⚠️ Watch:
If price taps $0.38–$0.40 and shows strong bullish reaction,
a short-term bounce is possible — don’t get trapped both sides.
Most traders will try to buy this dip…
and get caught in the next leg down.
Breakout — or trap? 👇