#HIGHUSDT (11-2024) Watchlist🚨 HIGH/USD Analysis 🚨
🔹 Current Price: $1.347
🔹 Support: $1 (Panic Level)
🔹 Key Resistance: $2.2
Pattern: Descending Triangle ⏳
HIGH has been moving between $1 and $1.5 for the past 100 days, holding strong above historical support at $1. This consolidation within a descending triangle suggests that the price is primed for a potential breakout.
Bullish Scenario:
If HIGH breaks above $1.5, we could see a bullish wave with targets at:
📈 $2.2
🚀 $2.6
🎯 $3.8
Bearish Scenario:
If HIGH falls below $1, consider it a warning sign for further downside risk.
📌 Trade Tip: Keep a close eye on the $1.5 resistance level for confirmation of a bullish breakout. Above this level, the potential for upward momentum increases significantly. However, if it drops below $1, it might be best to reassess the position.
Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.
Best wishes to all,
we ask Allah reconcile and repay. 🙏
