$HIGH / USDT – 🎢 Riding the Waves! 🎢

$HIGH has experienced a strong pump followed by some retracement on the 4-hour chart. This could present both opportunities and risks for traders.

Potential Trading Scenarios:

Bullish Continuation: If price finds support around the current levels or slightly lower (e.g., ~$0.63 - $0.64) and volume picks up again, we might see a move towards the recent high (~$0.69) or even higher.

Further Correction: If support doesn't hold, we could see a deeper pullback towards lower levels (e.g., ~$0.60 or even lower).

Key Levels to Watch:

Resistance: ~$0.67 - $0.69

Potential Support: ~$0.63 - $0.64

Previous Low: ~$0.57

Trading Considerations:

For potential longs, waiting for confirmation of support holding and increased buying volume might be prudent.

For shorts, a break below the potential support zone could signal further downside.

Risk Management is Crucial:

Due to the recent volatility, make sure to use a stop loss to protect your capital.

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