$HIGH is currently testing a key supply ceiling where the upside momentum appears to be fading and may soon transition into exhaustion.
Trading Plan – Short $HIGH (Max 10x)
Entry: 0.209 – 0.219
Stop Loss: 0.234
Take Profit Targets:
TP1: 0.194
TP2: 0.178
TP3: 0.162
The recent rally is showing signs of overextension, with price struggling to maintain strong continuation as it approaches resistance. Instead of a clean breakout with expanding momentum, the structure reflects weakening buyer control and potential absorption of demand.
Sellers appear to be stepping in around this zone, indicating that the upward move may be losing strength. If price fails to break and sustain above this ceiling, a rejection here could trigger a broader corrective move to the downside, aligning with the outlined targets.
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