HEMI is bleeding out at -13% and volume is basically dead. When do you catch a falling knife? Let me tell you when. 🔪
Current picture: Trading at $0.00876 with RSI(4h) at 31.8 — approaching oversold. But here is the problem: volume is at 0.45x normal, meaning there is no capitulation yet. The 4h MACD is deeply negative (-0.0014) and the price has cratered below SMA7 ($0.00877) and SMA25 ($0.01173). This is a coin in free fall.
Why This Trade? The daily RSI at 45.3 tells me there is still room for downside before we hit true oversold on the higher timeframe. The long/short ratio at 1.07 is nearly balanced, which is unusual for a coin down 13%. The smart money is not aggressively shorting this — they are waiting. For shorts, let any bounce fail at resistance. For longs, wait for volume spike + RSI divergence before entering.
📋 Trade Plan (SHORT on bounces):
• Entry: $0.00833 – $0.00919
• SL: $0.01048 (above SMA25 on 4h, ~17% risk)
• TP1: $0.00808 (-7.5%)
• TP2: $0.00783 (-10.5%)
• TP3: $0.00750 (-14.3%)
Wide stop because HEMI is volatile at these low prices. Keep position size at 50% of normal. If you see a volume spike above 2x normal, that is likely the capitulation signal — close shorts immediately.
HEMI to $0.005 or is the bottom near? What is your read? 👇
#HEMI #CryptoTrading #DYOR
⚠️ Disclaimer: This is not financial advice. Trading crypto involves significant risk. Always do your own research and manage your position size carefully.