$HIGH /USDT Technical Breakdown and Trading Strategy 🔑🔐👇
Timeframe: 1H & 1D
Current Price: 0.675 USDT
Chart Structure & Price Action:🤽
$HIGH recently made a move into the supply zone around 0.680–0.710, where price faced resistance and is now pulling back. The lower time frame (1H) shows a Change of Character (CHoCH) followed by a Break of Structure (BOS) to the downside, confirming the short-term bearish shift.
Daily Perspective:🏆
On the daily chart, $HIGH price is attempting a recovery from the local low at 0.540 and currently challenging the 21 EMA resistance. However, there's heavy supply stacked above, with EMAs (50/100/200) aligned in bearish order and positioned far overhead (0.826–1.290). This reflects long-term weakness.
Key Levels to Watch:🔑⏯️
Resistance Zones: 0.680 (supply), 0.710
Immediate Support: 0.672 (LTF demand), followed by 0.660
Critical Support: 0.640–0.632 (HTF demand block)
Daily EMA Pressure: EMA21 (~0.693) acting as dynamic resistance
Indicators:📉
Stochastic RSI:
1H: Rebounding from oversold (Bullish divergence potential)
1D: Still in overbought territory but curling down — indicates potential local top
Strategy:📉🤔
Short-Term Bias: Bearish below 0.680 — looking for price to revisit 0.660–0.640 demand before any meaningful bounce.
Scalp Buy Zone: 0.640–0.632
Swing Bullish Confirmation: Only above 0.710 with a clean daily close and volume.
Pro Tip:🤔
Avoid longing directly into supply zones. Let the liquidity flush play out — the best entries often come from the trap exits.
Community Sentiment:👨🏫
Mixed with cautious optimism. Bulls need a reclaim of 0.710 to shift the macro structure; bears are watching EMA rejections for continuation setups.
Trader’s Takeaway:🧑💻
👨❤️👨"Patience is profitable. Let the trap spring before you strike."
Disclaimer:⚠️
This is not financial advice. Always DYOR and manage your risk accordingly.
