📉 HEMI is down 9.6% and the 4H RSI just hit 29.6 — oversold in a strong downtrend. Contrarian gold or falling knife?
Price at $0.00755 with all SMAs stacked bearishly above. Strong downtrend confirmed. Volume declining at 0.7x — selling is exhausting, but buyers haven't stepped in yet.
Daily RSI at 42.3 shows we're not at full capitulation. The oversold 4H RSI is the only bullish signal here, and it's fighting a strong current.
📋 Trade Plan (SHORT):
• Entry: $0.00713 - $0.00797
• Stop Loss: $0.00922
• TP1: $0.00692 | TP2: $0.00671
Don't fight the trend. If you're looking for the bounce, wait for RSI divergence or a volume spike — not just oversold readings.
🤔 Oversold bounce incoming, or is $0.006 the next stop?
#HEMI #Altcoins #DYOR
⚠️ Not financial advice. Always DYOR and manage your risk.