$HIGH / USDt pair 45%+ possible gainHello traders,
This coin has been performing so well up until few days ago. After Btc's crash it was still fine but all of a sudden it crash badly. Of course this was expected but Leveraged short traders take this correction up a notch. I was not invested in High coin during the crash however one needs to think twice when going short at these levels. It is already down more than mage 68%..During the crash there was absolutely no correction on a daily frame. Expected bounce will be more than %45+ and will be very quick. Going short at the bottom $3+ levels is exactly same as going long at the top $8+ levels. You could lose your position in a matter of minutes and also one needs to consider spot buyers. Do you want to destroy these people and their dreams so you can make a bit more $$. Big short players already got rich . Sometimes enough is enough! And most importantly there is the moral part of the story as well. It could be you or me one day! Karma always finds us one way or another. I learn this in a hard way with Luna example.
Speaking of which selling is slowing down and volume is going down accordingly. We should at least see good bounce back towards $4.5-$5 range anytime soon!