#HIGH (SPOT) entry range( 1.080- 1.380) T.(3.990) SL(0.944)BINANCE:HIGHUSDT
entry range (1.080- 1.380)
Target1 (1.910) - Target2 (2.612) - Target3 (3.249) - Target4 (3.990)
3 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.944)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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Highanalysis
HIGHUSDT.1DExamining the 4-hour chart for HIGH/USDT, let's delve into the details:
Key Resistance and Support Levels:
Resistance 1 (R1): The chart does not specify the value, but it seems to lie slightly above the current trading price, potentially near recent highs.
Support 1 (S1): Again, the exact level isn't specified, but it's marked on the upward trend line. A breach below this could signal a reversal of the current trend.
Support 2 (S2): $3.653 - This level might serve as a lower boundary of the trading range if a downtrend confirms.
Support 3 (S3): $2.986 - A significant fall below S2 could see prices testing this next critical support level.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 52.54 is just above the neutral 50, indicating slight bullish momentum but not particularly strong.
Moving Average Convergence Divergence (MACD): The MACD is below the signal line, and the histogram values are negative, suggesting bearish momentum is currently prevailing, though it appears to be weakening as the histogram bars are small.
Trend Analysis:
The price has been following an ascending trend line, supporting the price on pullbacks and indicating an upward trend. This trend line is crucial as a guide for the continuation of the bullish sentiment.
Conclusion:
The current market condition for HIGH/USDT on the 4-hour chart shows a market at a potential turning point. With the RSI near neutral and MACD indicating a bearish momentum, traders should be cautious. The adherence to the ascending trend line will be critical in determining future movements. A hold above this line could see attempts to test R1, while a break below might see the price fall towards S2 and potentially S3 if bearish pressure intensifies.
For trading, consider setting up buy orders near the trend line with stops placed just below to catch potential rebounds while managing risks. Conversely, if the price breaks the trend line decisively, it might be prudent to look for short opportunities towards S2 or S3, keeping an eye on any change in momentum indicated by RSI and MACD for potential exit or entry adjustments.