🚨 HIGH Update: Potential Support and Resistance Zones! 🚨
After a sharp decline, HIGH/USDT is stabilizing around a key support level. Let's break down the critical areas to watch:
Current Support: Near the previous month's POC (Point of Control) at $4.685.
Immediate Resistance: Previous month's Value Area High (pmVAH) at $5.042.
Key Resistance Levels:
$5.969 (monthly VAL)
$6.639 (mVAH)
$8.017
Critical Support Levels:
$4.457
$3.877 (pmVAL)
Swing High: $9.689 (recent peak)
Indicators:
RSI hovering around 49.67, indicating potential consolidation before a decisive move.
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