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$HIGH Is the rebound here an opportunity or a temptation? 🧐
I took a quick look at the 1H chart of HIGH, and the current trend is quite interesting.
Earlier, it surged to around 0.45 and immediately entered "waterfall mode," with a very sharp correction, dropping to around 0.24 at the lowest point. Currently, the price is oscillating around 0.29, trying to stabilize above the EMA30 moving average.
MACD: There are signs of a golden cross below the zero line, indicating that the momentum is recovering.
RSI: Returning to the neutral zone around 50, suggesting that the extremely oversold sentiment has been alleviated.
If it can hold steady here in sideways trading, the next wave is likely to test the resistance at 0.35.
But this coin is highly volatile, with a 7-day increase of over 140%. Profit-taking hasn't been fully completed yet, so I recommend everyone to buy in batches rather than going all in at once!
Do you think this is the bottom? Or will it fill the gap at 0.22?