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🚀 Fire trade on currency $HEMI integrated analysis
The $HEMI is on fire and experiencing a sweet price explosion after bouncing from a low of $0.006148, and currently, the price is trading at $0.007260 with huge buying volume. The RSI indicator has reached 70, meaning liquidity is flowing in.
📊 Quick technical analysis:
On the hourly chart, the price has broken the upper Bollinger Band, and on the 15-minute chart, the price is establishing a nice stabilization zone as long as we stay above the midline. Things are heading towards the targets, God willing...
⚡ Entry Price EP
Enter at current prices: $0.007260 down to $0.007000. It's recommended to enter in parts to secure the price in case of a slight correction.
🎯 Targets TP
First target: $0.007800, close to the upper Bollinger Band on the 15-minute chart.
Second target: $0.008320 at the highest peak the price has reached.
Third target, further out: $0.009000.
Stop Loss ❌
Close a 4-hour candle below levels: $0.006600, under the MB line on the hourly chart to avoid a reversal.
⚠️ Note: The coin has shot up more than 13%, so stick to the stop-loss and don’t gamble with large amounts in a single trade.
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