Check for confirmation before entering. $HEMI looks to me like a weak, lackluster rebound right now. Look at the moving averages: on both the daily and four-hour charts, price is held below them, and it hasn’t reclaimed them on the one-hour chart either. With weakness aligned across all three timeframes, shorting means trading in the direction of least resistance. The rebound doesn’t have enough volume to sustain an uptrend, and it loses steam when it reaches the high-volume area above, which shows that selling pressure is still there.
Of course, it moves along with BTC, and I recognize that correlation risk. So don’t chase the move; only consider an entry when a rebound runs out of steam. We’re looking for structural confirmation, not betting on a sudden burst of momentum. If it can’t even reclaim the moving averages, why rush to turn bullish?
🔴 Trade direction: Short
📍 Entry range: 0.0051086 – 0.0051194
🛑 Stop loss: 0.0052255
🎯 Take profit 1: 0.0050305
🎯 Take profit 2: 0.0049747
🎯 Take profit 3: 0.0048910
There’s no need to chase the trend—the trend will come around on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#HEMI
Tap below to trade 👇
Of course, it moves along with BTC, and I recognize that correlation risk. So don’t chase the move; only consider an entry when a rebound runs out of steam. We’re looking for structural confirmation, not betting on a sudden burst of momentum. If it can’t even reclaim the moving averages, why rush to turn bullish?
🔴 Trade direction: Short
📍 Entry range: 0.0051086 – 0.0051194
🛑 Stop loss: 0.0052255
🎯 Take profit 1: 0.0050305
🎯 Take profit 2: 0.0049747
🎯 Take profit 3: 0.0048910
There’s no need to chase the trend—the trend will come around on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#HEMI
Tap below to trade 👇