Highusdt trading idea

Highusdt currently faces a formidable barrier, trading beneath a pronounced downtrend resistance. This landscape becomes even more intriguing when observing the 5 distinct downward wave legs. Such a pattern typically foreshadows an ABC correction, an insightful clue even if we anticipate the continuation of the current trend.

Guided by these observations, I've carefully identified an accumulation zone to position themselves for long. It's always prudent to manage risk, and with that in mind, I'd recommend setting a tight stop loss just beneath the previous all-time low (ATL).

In terms of forward-looking targets, the immediate benchmark to eye is the $1.7 mark. But for those with a slightly more extended horizon, setting sights on the $4.6 level might be a worthwhile pursuit.

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The high dipped to test our immediate area of interest, serving as a robust accumulation zone. Anyone following this setup should have by now loaded their positions. The price is exhibiting a strong buildup for the upcoming bullish phase. Maintain your holdings and await that opportune moment; the chart delineates the targets to watch.

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