Do you think the data you have is meant this way? Look again. $HEMI is showing nearly an 18% single-day drop, and it’s also been hit with a nearly $4 billion trading volume—but within the first hour after the intraday sell-off, it bounced back by 3%. Even the buy orders just above the lowest bid layer didn’t break. How is this a signal of a retail panic-style stampede running for the exit?
The old saying goes: a volume-increasing drop is either heading toward a breakdown, or it’s washing out floating supply. This intraday K-line with a long lower wick clearly shows that after blowing up the short positions, the market is already testing the ability to take long orders—there’s clear follow-through. I just closed my short position from yesterday, and I’ve added long with another 1/3 of my position size, betting that this rebound can touch the 0.008 level. Urgent reminder: open a long position with a light stake; place a stop-loss at 0.0072 and first watch for 0.0085.
If you agree with my short-term rebound-and-pullback thesis, hit the point with a 【赞】. If you think it will keep grinding the bottom and pushing to new lows, comment in the section below.
#HEMI
The old saying goes: a volume-increasing drop is either heading toward a breakdown, or it’s washing out floating supply. This intraday K-line with a long lower wick clearly shows that after blowing up the short positions, the market is already testing the ability to take long orders—there’s clear follow-through. I just closed my short position from yesterday, and I’ve added long with another 1/3 of my position size, betting that this rebound can touch the 0.008 level. Urgent reminder: open a long position with a light stake; place a stop-loss at 0.0072 and first watch for 0.0085.
If you agree with my short-term rebound-and-pullback thesis, hit the point with a 【赞】. If you think it will keep grinding the bottom and pushing to new lows, comment in the section below.
#HEMI