Crash Alert**** Key Levels to Watch..
0.278 (critical support)..
If price sweeps and reclaims this level → potential local bottom
Bounce targets: 0.299 – 0.307
0.307 – 0.334 (supply zone):
If price rejects here with bearish signals → short opportunity
Targets: 0.283 → 0.278 → 0.254 .. Crash Alert:
$HIGH Drops 10.1% — Dead Cat Bounce or True Reversal?
A brutal flush just hit
$HIGH , but the story isn’t that simple. The aggressive sell-off followed by high volume hints at a liquidity grab / stop-loss hunt, not necessarily a full trend breakdown.. Trade Scenarios:
🔻 Short Setup:
Look for rejection wicks / bearish engulfing at 0.307–0.334
Lower timeframe breakdown confirms entry
SL above 0.334
🔺 Long Setup:
Watch for a liquidity sweep below 0.278
Strong reclaim + bullish confirmation (pin bar / engulfing)
Targets: 0.299 → 0.307
Invalidation Signals:
Break & close above 0.334 with volume → bullish continuation toward 0.351+
Strong close below 0.278 → expect continuation down to 0.254
Conclusion..
This move smells more like a trap than a trend shift but confirmation is everything. Don’t guess, wait for the market to show its hand.
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