📉 $HEMI /USDT 🚀🚀
Current Price: $0.01027
24H Change: -7.81% 🔻
HEMI is clearly in a short-term downtrend, forming lower highs and lower lows on the 4H timeframe. Price recently rejected near $0.0117 resistance and is now approaching the key $0.010 support zone.
🔍 Technical Insights:
RSI (6): 16 → Deep oversold territory ⚠️
Recent Low: $0.00917
Volume: Moderate but not showing strong bullish reversal yet
MA trend: Bearish crossover holding pressure
📊 Key Levels to Watch:
Support: $0.0100 → if breaks, next zone around $0.0092
Resistance: $0.0112 – $0.0117 range
💡 Possible Scenarios:
Bounce Play: If support holds, we may see a short-term relief bounce.
Breakdown Risk: Losing $0.010 could trigger another leg down.
⚠️ Trading Tip:
Wait for confirmation (reversal candle or volume spike) before entering. Catching falling knives can be risky.