$HIGH Alert: Is this the Bottom or a Deeper Dive? 📉🔥
Content:
The $HIGH chart is looking incredibly intense right now. After a massive 160%+ run over the last 30 days, we are seeing a sharp -18% correction today.
The Technical Setup:
Support Zone: We just wicked down to the $0.2805 level. This is a critical psychological floor.
The Squeeze: Looking at the 15m chart, the selling pressure is heavy, but the RSI is starting to look oversold.
Risk Warning: Binance recently added the Monitoring Tag to $HIGH. This means volatility will stay high and liquidity might shift fast.
My Game Plan:
I’m watching for a consolidated base around $0.30 - $0.31. If we hold this, a "dead cat bounce" back toward $0.35 is possible. However, if $0.28 breaks, the next stop could be a lot lower.
What are you doing?
🚀 LONG for the bounce?
🔻 SHORT for the breakdown?