$HEMI : Accumulating Shorts due to exhaustion in resistance.
HEMI is significantly overextended with the RSI(6) at 78.93 on the 15m chart, indicating exhaustion after testing the resistance of 0.010398. A mean-reversion scalp is favored, since price is moving away from the MA7, pointing to a retest of the breakout base near 0.009200.
Entry: 0.010106 – 0.010328
Stop Loss: 0.010844
TP1: 0.00920
TP2: 0.00839
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HEMI is significantly overextended with the RSI(6) at 78.93 on the 15m chart, indicating exhaustion after testing the resistance of 0.010398. A mean-reversion scalp is favored, since price is moving away from the MA7, pointing to a retest of the breakout base near 0.009200.
Entry: 0.010106 – 0.010328
Stop Loss: 0.010844
TP1: 0.00920
TP2: 0.00839
Click here to trade 👇