🟠 Correcting my last $HEMI
call — the breakout I flagged already failed
Last session I called $HEMI a high-conviction breakout, but flagged the RSI 94 reading as chase risk and suggested waiting for a pullback rather than paying up. That caution was warranted and then some: HEMI topped out near $0.016 and has since round-tripped hard, now trading around $0.0074 - well below where a breakout entry would have gotten filled, and the position would have been stopped out. The BTCFi backing (YZi Labs, $30M raised) hasn't changed, but the chart has clearly broken down short-term. Momentum is oversold here, setting up a technical bounce, but this is a much lower-conviction, purely tactical trade now - not the trend continuation it looked like before.$TAC
LONG $HEMI
Entry: 0.0072
SL: 0.0065
TP1: 0.0083
TP2: 0.0090
TP3: 0.0105
call — the breakout I flagged already failed
Last session I called $HEMI a high-conviction breakout, but flagged the RSI 94 reading as chase risk and suggested waiting for a pullback rather than paying up. That caution was warranted and then some: HEMI topped out near $0.016 and has since round-tripped hard, now trading around $0.0074 - well below where a breakout entry would have gotten filled, and the position would have been stopped out. The BTCFi backing (YZi Labs, $30M raised) hasn't changed, but the chart has clearly broken down short-term. Momentum is oversold here, setting up a technical bounce, but this is a much lower-conviction, purely tactical trade now - not the trend continuation it looked like before.$TAC
LONG $HEMI
Entry: 0.0072
SL: 0.0065
TP1: 0.0083
TP2: 0.0090
TP3: 0.0105
