$HEMI - Short trading idea (x15)
Most of the capital is being traded at the buy price (bid), and the sellers still control the bigger picture. On shorter timeframes, nothing contradicts this view, with key moving averages stacked above as resistance levels around 0.0058. If the price bounces back through that resistance cluster, the thesis will weaken.
Plan:
Entry: 0.00579 - 0.00581
SL: 0.00591 (-1.8%)
TP: 0.0057 - 0.0056 - 0.00552 (+1.9-4.9%)
⚠️ Personal market assessment, not investment advice. Do your own research (DYOR).
Most of the capital is being traded at the buy price (bid), and the sellers still control the bigger picture. On shorter timeframes, nothing contradicts this view, with key moving averages stacked above as resistance levels around 0.0058. If the price bounces back through that resistance cluster, the thesis will weaken.
Plan:
Entry: 0.00579 - 0.00581
SL: 0.00591 (-1.8%)
TP: 0.0057 - 0.0056 - 0.00552 (+1.9-4.9%)
⚠️ Personal market assessment, not investment advice. Do your own research (DYOR).