🚨 HK0625 — SHARP SELLOFF! BEARS CRUSH SUPPORT! 📉
$HK0625 (SHEIN Quanto Perpetual) is trading lower at 37.18, down -5.01%, plunging sharply below its 4H MA7 (37.94) and MA25 (39.74) moving averages after dropping from a 24h high of 39.89 down to a low of 35.92.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 37.50–38.50 (on weak relief bounces into the moving average resistance band)
🛑 STOP LOSS: 39.95
🎯 TP1: 35.90
🎯 TP2: 34.50
🎯 TP3: 33.00
📌 Rule: Enter on minor relief pushes toward the descending MA7/MA25 zone that show immediate bearish rejection wicks.
⚠️ Clean break and 4H close above 39.89 invalidates the short setup and signals potential trend reversal.
👉 Trade: $HK0625
#HK0625 #cryptotrading #TechnicalAnalysis #BinanceSquare
$HK0625 (SHEIN Quanto Perpetual) is trading lower at 37.18, down -5.01%, plunging sharply below its 4H MA7 (37.94) and MA25 (39.74) moving averages after dropping from a 24h high of 39.89 down to a low of 35.92.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 37.50–38.50 (on weak relief bounces into the moving average resistance band)
🛑 STOP LOSS: 39.95
🎯 TP1: 35.90
🎯 TP2: 34.50
🎯 TP3: 33.00
📌 Rule: Enter on minor relief pushes toward the descending MA7/MA25 zone that show immediate bearish rejection wicks.
⚠️ Clean break and 4H close above 39.89 invalidates the short setup and signals potential trend reversal.
👉 Trade: $HK0625
#HK0625 #cryptotrading #TechnicalAnalysis #BinanceSquare
