Just spotted this one on the HEMI chart and had to take a closer look.
$HEMI /USDT — NO TRADE
Why no trade?
HEMI is up over +66% in the last 24 hours, climbing from a low of $0.004922 to a high of $0.008388. That’s a massive one-day move, and we’re currently sitting near the top of that range at $0.008210.
The price is also struggling to break above the recent $0.008388 resistance level. With such a sharp rally already behind it, the risk of a pullback or consolidation is high.
Entering here would mean buying near local highs with poor risk/reward. It's better to let HEMI cool off and form a clearer structure before considering a position. No trade is the disciplined play right now.
Better to stay patient and wait for a healthy retracement on HEMI rather than chasing this extended move.
$HEMI /USDT — NO TRADE
Why no trade?
HEMI is up over +66% in the last 24 hours, climbing from a low of $0.004922 to a high of $0.008388. That’s a massive one-day move, and we’re currently sitting near the top of that range at $0.008210.
The price is also struggling to break above the recent $0.008388 resistance level. With such a sharp rally already behind it, the risk of a pullback or consolidation is high.
Entering here would mean buying near local highs with poor risk/reward. It's better to let HEMI cool off and form a clearer structure before considering a position. No trade is the disciplined play right now.
Better to stay patient and wait for a healthy retracement on HEMI rather than chasing this extended move.