$HEI is beginning to show signs of fatigue after its recent explosive rally.
After a strong expansion phase, momentum appears to be slowing as price struggles to maintain higher levels. The latest structure suggests a retest of local support could be on the cards, especially if sellers continue applying pressure near current levels.
A move toward the 0.08000 region would represent a natural pullback and could serve as an important area to gauge whether buyers are still willing to defend the broader trend. Until then, traders will be watching closely for confirmation of either a breakdown or a stabilization around support.
As always after a sharp run-up, managing risk is key while the market decides its next direction.
Are you expecting a deeper correction or a bounce from support?
#RMJ_trades
#MorganStanleyBitcoinETF3500BTC
#BitcoinAhr999Below0.45
#XLMSurgesOnDTCCStellarIntegration
#GENIUSBinanceHODLer
After a strong expansion phase, momentum appears to be slowing as price struggles to maintain higher levels. The latest structure suggests a retest of local support could be on the cards, especially if sellers continue applying pressure near current levels.
A move toward the 0.08000 region would represent a natural pullback and could serve as an important area to gauge whether buyers are still willing to defend the broader trend. Until then, traders will be watching closely for confirmation of either a breakdown or a stabilization around support.
As always after a sharp run-up, managing risk is key while the market decides its next direction.
Are you expecting a deeper correction or a bounce from support?
#RMJ_trades
#MorganStanleyBitcoinETF3500BTC
#BitcoinAhr999Below0.45
#XLMSurgesOnDTCCStellarIntegration
#GENIUSBinanceHODLer
