$HEMI
HEMI violently pushed from 0.0048 up to around 0.0082. There were a few decent pullbacks in between, but they were quickly absorbed—this is a classic high-volume FOMO plus a short-squeeze market.
Right now the price is hovering around 0.0077, just pulled back slightly from the high. Volume is still there, but the RSI is definitely already severely overbought. The overhead area at 0.0080–0.0082 is clearly short-term top resistance, and there isn’t much room left above.
Below, 0.0073–0.0070 provides short-term support; if that breaks, it could accelerate the pullback toward 0.0065 or even lower.
Overall it’s still high-range consolidation. I don’t see an obvious distribution long bearish candle, but the risk of chasing longs is already very high—it’s easy to get shaken out.
Direction: short
- Entry: If there’s a rejection around 0.0079–0.0081 (upper wick or shrinking volume), short immediately.
- Stop loss: 0.0091. If it breaks the previous high, exit.
- Take profit: First target 0.0066, second 0.0059, third 0.0052.
- Key levels: Resistance 0.0080 / 0.0082 / 0.0085; Support 0.0073 / 0.0070 / 0.0065.
Light position sizing, strictly respect the stop loss—don’t hold and hope. Volume is still active; it could surge again for a fake breakout and then drop. Monitor in real time—if the data changes, adjust. NFA!
HEMI violently pushed from 0.0048 up to around 0.0082. There were a few decent pullbacks in between, but they were quickly absorbed—this is a classic high-volume FOMO plus a short-squeeze market.
Right now the price is hovering around 0.0077, just pulled back slightly from the high. Volume is still there, but the RSI is definitely already severely overbought. The overhead area at 0.0080–0.0082 is clearly short-term top resistance, and there isn’t much room left above.
Below, 0.0073–0.0070 provides short-term support; if that breaks, it could accelerate the pullback toward 0.0065 or even lower.
Overall it’s still high-range consolidation. I don’t see an obvious distribution long bearish candle, but the risk of chasing longs is already very high—it’s easy to get shaken out.
Direction: short
- Entry: If there’s a rejection around 0.0079–0.0081 (upper wick or shrinking volume), short immediately.
- Stop loss: 0.0091. If it breaks the previous high, exit.
- Take profit: First target 0.0066, second 0.0059, third 0.0052.
- Key levels: Resistance 0.0080 / 0.0082 / 0.0085; Support 0.0073 / 0.0070 / 0.0065.
Light position sizing, strictly respect the stop loss—don’t hold and hope. Volume is still active; it could surge again for a fake breakout and then drop. Monitor in real time—if the data changes, adjust. NFA!