🚀 $HIGH / USDT: The Sleeping Giant is Waking Up?
The Highstreet (HIGH) chart is flashing a classic high-reward setup on the daily timeframe. After a prolonged period of consolidation, we are seeing the final stages of a massive descending resistance breakout attempt.
📊 Technical Breakdown:
The Trendline: We are currently hugging the primary descending resistance line (pink). A clean daily candle close above $0.2300 would confirm a structural breakout.
Bullish Divergence/Momentum: The Squeeze Momentum Indicator at the bottom is showing a shift from deep red to light green, suggesting that the selling pressure is exhausted and buyers are stepping in.
The Target: If the breakout holds, the projected move (based on the previous impulse height) points toward $0.7000+, representing a potential +132% rally.
📉 Key Levels to Watch:
Immediate Resistance: $0.2350 (Trendline)
Major Target: $0.7000 (Measured move)
Support/Invalidation: $0.1870 (Recent local bottom)
Strategy: Patient traders might wait for a retest of the trendline after the breakout. High volatility is expected as we exit this range—manage your risk accordingly!
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