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Something insane just happened to $HIGH and I’m trying to figure out who caught it.
The vertical line on the chart is absolutely ridiculous. We’re talking about a move from 0.107 all the way up to a peak of 0.589 in what feels like a heartbeat. Right now it’s cooled off to 0.417, but the volatility here is pure chaos.
When you see a 250% pump like this, the technicals usually fly out the window, but we can see some heavy profit-taking starting to kick in. The huge wick at the top shows a lot of people hitting the exit button fast. Support is basically non-existent on the way down because there was no consolidation on the way up, but I’d look at the 0.30 area for any signs of a bounce if it keeps sliding.
The volume is massive at over 300M, but check the order book. Sellers are dominating at 62%. This usually means the "blow-off top" might be in, or at least we need a massive breather before even thinking about another leg.
Did any of you actually have limit orders set for this or are you just watching the madness like me?
#WCTCTradingChallengeShare8MUSDT