$HIGH /USDT – Dead Cat Bounce or Reversal? ⚠️
After that massive spike to $0.58, HIGH has been in a clear downtrend with consistent lower highs and weak structure. The recent move up to $0.30 looks more like a relief bounce from the bottom rather than a true trend reversal, especially since price is still trading below key resistance zones around $0.34–$0.36. Unless this area breaks with strong volume, this move is likely to get sold into again.
Trade Setup (Short Bias):
Entry: $0.32 – $0.35
Targets: $0.27 / $0.24
Stop Loss: $0.38
HIGH
0.229
+8.01%