a short technical analysis and trade signal for $HIGH š„šÆ
/USDT based on the current market data:
Technical Analysis ā HIGH/USDT
Current Price: $0.629
Trend: Bullish (Strong +21.66% move with high volume)
Momentum: Rising; price is above key short-term moving averages
Resistance Levels: $0.665 (24h High), $0.673 (Depth chart top)
Support Levels: $0.606, $0.573 (Depth chart), and strong base at $0.493 (24h Low)
Volume: Strong buying pressure (HIGH volume at 23.52M)
Trade Signal:
Buy on breakout above $0.635ā$0.640 zone with high volume confirmation.
Stop-loss: $0.605 (below support zone)
Targets šÆ:
Target 1: $0.665 (Short-term resistance)
Target 2: $0.690 (Next psychological and chart level)
Target 3: $0.725 (Extended target if momentum continues)
Momentum:
Bullish with high confidence, driven by strong volume and metaverse narrative. Watch for profit-taking near $0.665 and re-entry chances on dips.
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