This isn't hard evidence; it's the finale speaking. $HEMI From the daily chart down to the 1-hour chart, the trend is bearish, with price below EMA50 and EMA200. In this setup, any rebound just clears the way for the bears. The 4-hour RSI is only 43.5, selling momentum hasn't let up, and there's no sign of volume picking up to absorb the selling. Price has repeatedly tested the zone above but failed to hold, suggesting limited buying strength.
I'm watching for the structure to continue, not reacting to the emotion of a single candlestick. The real concern would be if the 1-hour RSI holds above 55 for a sustained period—that's when we'd need to reassess. We're not there yet. Keep positions light; follow through if the level breaks.
🔴 Trade direction: Short
📍 Entry range: 0.0053155 – 0.0053287
🛑 Stop loss: 0.0054681
🎯 Take profit 1: 0.0052126
🎯 Take profit 2: 0.0051395
🎯 Take profit 3: 0.0050300
Gaze upon the vast mountains and seas; observe the market's every nuance.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#HEMI
Click below to trade 👇
I'm watching for the structure to continue, not reacting to the emotion of a single candlestick. The real concern would be if the 1-hour RSI holds above 55 for a sustained period—that's when we'd need to reassess. We're not there yet. Keep positions light; follow through if the level breaks.
🔴 Trade direction: Short
📍 Entry range: 0.0053155 – 0.0053287
🛑 Stop loss: 0.0054681
🎯 Take profit 1: 0.0052126
🎯 Take profit 2: 0.0051395
🎯 Take profit 3: 0.0050300
Gaze upon the vast mountains and seas; observe the market's every nuance.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#HEMI
Click below to trade 👇