๐ฅ $HEMI is moving โ but here's the level I'd watch
$HEMI
is currently trading around $0.01253, up roughly 46.5% in 24H.
The interesting part isn't the pump itself. It's what price does after the pump.
On the 4H chart:
MA7: $0.01131 โ short-term trend is strongly bullish MA25: $0.00861 MA99: $0.00783 Resistance: $0.0130โ$0.0139 First support: $0.0120 Stronger support: around $0.0113
Volume has also picked up heavily during the move, which gives the breakout more weight.
But after a 46%+ daily move, chasing the green candles is where things get risky.
If HEMI can hold $0.0120 and push through $0.0130, I'd be watching that $0.0139 high next.
If $0.0120 fails, a pullback toward the $0.0113 MA7 area wouldn't be surprising.
HEMI is at the decision zone now. ๐
Would you rather:
1๏ธโฃ Trade the breakout above $0.0130
2๏ธโฃ Wait for a pullback toward support
#HEMI #crypto #Binance #TechnicalAnalysis
$HEMI
is currently trading around $0.01253, up roughly 46.5% in 24H.
The interesting part isn't the pump itself. It's what price does after the pump.
On the 4H chart:
MA7: $0.01131 โ short-term trend is strongly bullish MA25: $0.00861 MA99: $0.00783 Resistance: $0.0130โ$0.0139 First support: $0.0120 Stronger support: around $0.0113
Volume has also picked up heavily during the move, which gives the breakout more weight.
But after a 46%+ daily move, chasing the green candles is where things get risky.
If HEMI can hold $0.0120 and push through $0.0130, I'd be watching that $0.0139 high next.
If $0.0120 fails, a pullback toward the $0.0113 MA7 area wouldn't be surprising.
HEMI is at the decision zone now. ๐
Would you rather:
1๏ธโฃ Trade the breakout above $0.0130
2๏ธโฃ Wait for a pullback toward support
#HEMI #crypto #Binance #TechnicalAnalysis