$HIGH is moving in a tight range after repeated rejection wicks, which signals absorption rather than weakness. This kind of price action usually precedes a range expansion.
Market Structure Insight
Clear range between 0.203 – 0.208
Multiple upper wicks near 0.208 → liquidity being built
Price continues to hold above 0.204–0.205
No strong bearish follow-through → sellers are capped
Structure is neutral-bullish with breakout pressure
This is a coil / compression setup.
Trade Setup (Intraday / Short Swing)
Entry Zone
0.2045 – 0.2055
(Value area & range midpoint)
Targets
Target 1 🎯: 0.2080 (range high / liquidity tap)
Target 2 🎯: 0.2120 (range expansion)
Target 3 🎯: 0.2180 (momentum continuation)
Stop Loss
0.2015
(Below range low & structure invalidation)
Key Breakout Level
📌 0.208
A clean 15m close above this with volume can trigger a fast expansion move.
Invalidation
Acceptance below 0.203
Strong rejection + volume spike at 0.208 = wait, don’t chase
Summary
$HIGH is compressing, not dumping.
As long as price holds above 0.204, bias favors upside expansion over breakdown.
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