The 1-hour chart for $HEI is trending down. That’s a fact. But I don’t recommend opening a short right now. Why? Because the price has already fallen, and you could get caught in a sharp bounce upward.
It’s better to wait. Let the price rise to the 0.11574–0.11661 zone. That’s where resistance is. If the price hits this ceiling and starts falling (a red candle appears), then we open a short.
Where are we headed? The first target is 0.11299. If we break through that, then 0.11002 and 0.10818.
Where should you place your stop? Above 0.11661. If the price closes above this level, our entire bearish plan is invalidated.
Important warning: Bitcoin is rising right now. If HEI is falling weakly, without volume, don’t enter a short. Wait for a clear drop
It’s better to wait. Let the price rise to the 0.11574–0.11661 zone. That’s where resistance is. If the price hits this ceiling and starts falling (a red candle appears), then we open a short.
Where are we headed? The first target is 0.11299. If we break through that, then 0.11002 and 0.10818.
Where should you place your stop? Above 0.11661. If the price closes above this level, our entire bearish plan is invalidated.
Important warning: Bitcoin is rising right now. If HEI is falling weakly, without volume, don’t enter a short. Wait for a clear drop