The previous BTR strategy has successfully captured its profit potential. This isn’t conclusive proof—it’s accumulation speaking. $HEMI On the 4-hour timeframe, price has remained below the moving averages. Both the daily and hourly charts are weakening in tandem. With this kind of multi-timeframe confluence of resistance, a rebound looks more like an opportunity for bears to get positioned. Volume shows no meaningful increase in buying support, casting doubt on the sustainability of buyers’ efforts to push prices higher.
The key level is the cluster of moving averages above. If price rebounds into that area but fails to break above it, the downward slope is likely to continue. RSI is still in bearish territory, with no sign of momentum recovering. In this setup, I’d favor opening short positions when the rebound loses steam rather than trying to call a bottom.
🔴 Trade direction: Short
📍 Entry range: 0.0052056 – 0.0052174
🛑 Stop-loss: 0.0053627
🎯 Take-profit 1: 0.0050981
🎯 Take-profit 2: 0.0050226
🎯 Take-profit 3: 0.0049092
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#HEMI
Click below to trade 👇
The key level is the cluster of moving averages above. If price rebounds into that area but fails to break above it, the downward slope is likely to continue. RSI is still in bearish territory, with no sign of momentum recovering. In this setup, I’d favor opening short positions when the rebound loses steam rather than trying to call a bottom.
🔴 Trade direction: Short
📍 Entry range: 0.0052056 – 0.0052174
🛑 Stop-loss: 0.0053627
🎯 Take-profit 1: 0.0050981
🎯 Take-profit 2: 0.0050226
🎯 Take-profit 3: 0.0049092
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#HEMI
Click below to trade 👇