Technical analysis by Z4F4R about Symbol HIGH: Buy recommendation (6/4/2024)

Support Level (Entry Point): Around 6.354 USDT. This level has been tested and appears to hold, indicating buying interest around this price.Resistance Levels: There are multiple resistance levels:6.779 USDT | 7.107 USDT | 7.139 USDT | 7.612 USDTRecent candlesticks show some bearish pressure with the price retreating from recent highs, yet finding support around the 6.354 USDT level.Price Targets:1. Immediate Target: 6.779 USDT, which is the first resistance level after the current support.2. Secondary Targets: 7.107 USDT and 7.139 USDT. If the price manages to break through these levels, it may reach the next significant resistance at 7.612 USDT.Bullish Scenario: If the price respects the current support level (6.354 USDT) and bounces back, we can expect a retest of the resistance levels mentioned above.Bearish Scenario: If the price breaks below the support level, the next potential support would be the previous low, which is around 6.000 USDT.