HEMI is deeply extended below its average price.

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

Entry: 0.0054352 – 0.0054488
TP1: 0.0053437 (-1.8%)
TP2: 0.0052782 (-3.0%)
TP3: 0.0051800 (-4.8%)
SL: 0.0055730 (+2.4%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? What I checked: 8/12 agree, 1 against.
‱ Daily trend down (below EMA50 & EMA200)
‱ 4h trend down (below EMA50 & EMA200)
‱ 1h trend down (below EMA50 & EMA200)
Watch: Far below its average, bounce likely (−4.1 ATR from 1h EMA50)
Watch: The idea is wrong if price reaches the stop at 0.0055730

Verdict: The daily trend is bearish with price below both EMAs, which means the big-picture trend is down, but the 1h price is far from its EMA so a bounce is possible.

Where do you want to take profits if this short works?

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.