HEMI is overextended below its average price.

🔮 SHORT $HEMI /USDT: expecting price to go DOWN
Bias: SHORT · Strong

Entry: 0.0059466 – 0.0059654
TP1: 0.0057979 (-2.7%)
TP2: 0.0056925 (-4.4%)
TP3: 0.0055344 (-7.1%)
SL: 0.0061668 (+3.5%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? Strong call, 7/12 signals agree, 1 against, 4 undecided.
‱ Daily trend: price < EMA50 < EMA200, bearish stack → the big-picture trend is down
‱ 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
‱ 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
Risk: Distance from 1h EMA50: −3.5 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely

Q: Why short when the price already fell hard?
A: The daily trend is bearish with price below EMA50 and EMA200.

Q: When would this trade be wrong?
A: If price bounces back above the entry level at 0.0059466.

Where do you set your stop if you take this short?

Levels mapped on the chart below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.