HIGHUSDT trade ideas
HIGH's Strong downtrendThe price of HIGH is currently in a strong downtrend, moving towards lower levels. It is oscillating within a defined descending channel, experiencing fluctuations between the upper and lower bounds of this channel. At present, the price is situated in the middle of the channel. The expectation is that it will move towards the upper boundary before potentially dropping back down to the lower boundary.
$HIGH / USDt pair 45%+ possible gainHello traders,
This coin has been performing so well up until few days ago. After Btc's crash it was still fine but all of a sudden it crash badly. Of course this was expected but Leveraged short traders take this correction up a notch. I was not invested in High coin during the crash however one needs to think twice when going short at these levels. It is already down more than mage 68%..During the crash there was absolutely no correction on a daily frame. Expected bounce will be more than %45+ and will be very quick. Going short at the bottom $3+ levels is exactly same as going long at the top $8+ levels. You could lose your position in a matter of minutes and also one needs to consider spot buyers. Do you want to destroy these people and their dreams so you can make a bit more $$. Big short players already got rich . Sometimes enough is enough! And most importantly there is the moral part of the story as well. It could be you or me one day! Karma always finds us one way or another. I learn this in a hard way with Luna example.
Speaking of which selling is slowing down and volume is going down accordingly. We should at least see good bounce back towards $4.5-$5 range anytime soon!
Highstreet (HIGH)On the above 4-day chart price action has corrected over 75% since the long idea published earlier this year topped out. Now sellers using emotions have provided you with a 2nd opportunity to go long. Why?
1) You know why.. The same conditions as before.
2) Price action resistance breakout.
3) Support and resistance. Price action returns to past resistance. Look left, green squares.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now
Return: Will say elsewhere