Technical analysis by MyCryptoParadise_Simon about Symbol HIGH: Buy recommendation (10/7/2024)

Yello! 👀 Is #HIGHUSDT on the edge of a major breakout, or are we setting up for another fakeout? Let's see the latest analysis of #HighStreet:💎After 4-5 months of a sharp downtrend, #HIGH is finally approaching a critical moment. It’s testing the upper boundary of a Descending Channel, fueled by a strong Bullish Order Block (OB) around $1.177. While this might look like the turning point we've been waiting for, don't get too comfortable just yet.💎To truly ignite this rally, #HighStreet needs to overcome a significant hurdle—the Bearish OB between $1.55 and $1.65, which previously served as a strong support level. A breakout above this zone, coupled with increasing volume and confirmation from the 20 EMA, could signal that the bulls are ready to take over. If that happens, expect a push toward the next major resistance.💎However, if momentum slows down, we could see a pullback toward $1.177, retesting the breakout zone. A failure to hold this level might signal trouble, potentially dragging HIGH back down to the $0.95-$1.03 demand zone.💎And here’s the real risk—if it breaks below this major support, it would hand control back to the bears, opening the door for a deeper correction and likely crushing hopes of a short-term bullish recovery.Stay focused, patient, and disciplined, Paradisers🥂MyCryptoParadiseiFeel the success🌴💎Just like clockwork! #HIGHUSDT is tracing our forecast, hitting that sweet 76.27% growth mark...💎As forecasted, #HIGHUSDT has hit our target with an astonishing 96.84% gain!