$HIGH 1H Reversal Setup — Oversold Bounce Targeting $0.40
Long $HIGH
• Entry: 0.3180 – 0.3200
• Stop Loss: 0.2950
Targets:
• TP1: 0.3500
• TP2: 0.3800
• TP3: 0.4025
HIGH is currently undergoing a healthy correction after its earlier parabolic rally that pushed price above 0.55. Following the blow-off top, the market has cooled down with a controlled pullback, and price is now stabilizing near the 0.30–0.32 support zone.
On the 1H timeframe, the structure is beginning to show signs of stabilization. Sellers are losing momentum while buyers are gradually stepping in around the psychological 0.30 level, creating a potential base for the next move.
As long as price holds above the 0.2950 support, the setup favors a short-term bullish bounce toward 0.35 → 0.38, with a possible retest of the 0.4025 resistance if momentum returns.
This type of post-parabolic pullback often provides attractive risk-to-reward opportunities for continuation traders. Watch for a reclaim of 0.3250 to confirm renewed bullish momentum.
Manage risk carefully and look for volume confirmation on the bounce.
Trade $HIGH here 👇🏻
{future}(HIGHUSDT)
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