Once again $HEMI is showing strong rejection… sellers are not allowing a clean continuation and short-term downside pressure is building.
HEMI pushed strongly from the $0.00513 low but failed to hold above the $0.00748 resistance zone. The rejection from the $0.00748–$0.00754 area shows that sellers are still active around these levels.
That said, buyers are still defending the recovery zone near $0.00635–$0.00665. If this support holds and selling momentum starts to weaken, another attempt toward the resistance could develop. A clean breakout above $0.00754 could open the way toward $0.00833 and potentially $0.00899.
For now:
– Trend: Short-term bullish recovery
– Structure: Rejection from resistance
– Focus: Hold support and wait for breakout confirmation before heavy longs
Market is testing the strength of this recovery — stay patient and watch for the next high-probability entry before the next major move.
$HEMI
HEMI pushed strongly from the $0.00513 low but failed to hold above the $0.00748 resistance zone. The rejection from the $0.00748–$0.00754 area shows that sellers are still active around these levels.
That said, buyers are still defending the recovery zone near $0.00635–$0.00665. If this support holds and selling momentum starts to weaken, another attempt toward the resistance could develop. A clean breakout above $0.00754 could open the way toward $0.00833 and potentially $0.00899.
For now:
– Trend: Short-term bullish recovery
– Structure: Rejection from resistance
– Focus: Hold support and wait for breakout confirmation before heavy longs
Market is testing the strength of this recovery — stay patient and watch for the next high-probability entry before the next major move.
$HEMI