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This is why you never chase the green candle.
$HIGH went on an absolute tear up to 0.589 but that rejection was brutal. We’ve already given back over 50% of that move in a single day.
Right now the price is hovering at 0.279. Looking at the chart, we’re essentially testing the midpoint of that massive pump. The volume was huge on the way up, but this red candle has a lot of momentum behind it.
If we don't find some serious bidders around the 0.245 area, this could easily round-trip back to the start of the breakout.
I’m staying on the sidelines for this one until the volatility settles down. Catching a falling knife here is a great way to wreck your account. Let’s see if it can build a base first
#WCTCTradingChallengeShare8MUSDT