The WLD strategy shared earlier has successfully taken profit, and those who followed along are already reaping the rewards. Volatility can hide traps, and the market structure around $HEMI has made the direction very clear. The daily, 4-hour, and 1-hour charts are all below the middle band, with the moving averages in bearish alignment. When multiple timeframes converge like this, a rebound simply gives bears room to act. There has been no significant increase in volume to signal a reversal, suggesting buyers cannot absorb the selling pressure.
Resistance is concentrated above key levels, and every time the price rebounds, it gets pushed back down. There is no reason to believe the structure has turned bullish. I’d rather view this area as a zone to watch for trend-following short positions than try to call a bottom. The more hesitant the rebound, the smoother the decline.
🔴 Trade direction: Short
📍 Entry range: 0.0057863 – 0.0057971
🛑 Stop-loss: 0.0059125
🎯 Take-profit 1: 0.0057011
🎯 Take-profit 2: 0.0056407
🎯 Take-profit 3: 0.0055501
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#HEMI
Click below to trade 👇
Resistance is concentrated above key levels, and every time the price rebounds, it gets pushed back down. There is no reason to believe the structure has turned bullish. I’d rather view this area as a zone to watch for trend-following short positions than try to call a bottom. The more hesitant the rebound, the smoother the decline.
🔴 Trade direction: Short
📍 Entry range: 0.0057863 – 0.0057971
🛑 Stop-loss: 0.0059125
🎯 Take-profit 1: 0.0057011
🎯 Take-profit 2: 0.0056407
🎯 Take-profit 3: 0.0055501
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#HEMI
Click below to trade 👇