$HEMI — Momentum Setup 📊
HEMI has broken out strongly, but after a 60%+ move, the key question is whether buyers can defend the breakout rather than simply chase price.
Trading Setup
• Current: 0.00876
• Resistance: 0.00892
• Breakout confirmation: above 0.00892
• Targets: 0.00940 → 0.00985 → 0.01030
• Pullback support: 0.00816
• Stronger support: 0.00789
• Invalidation: below 0.00789
Technical read:
Price is above MA7 0.00847, MA25 0.00789 and MA99 0.00669, keeping the structure bullish. MACD is positive, but momentum is flattening slightly.
My preferred setup is breakout + retest, not a blind entry into resistance. If 0.00892 flips into support, continuation becomes much cleaner. If it rejects hard, waiting for the pullback offers better risk control.
Risk: After such an extended move, volatility and sharp retracements can be aggressive. Manage position size accordingly.
#HEMI #CryptoTrading #TechnicalAnalysis
@Hemi $PIXEL $COW
HEMI has broken out strongly, but after a 60%+ move, the key question is whether buyers can defend the breakout rather than simply chase price.
Trading Setup
• Current: 0.00876
• Resistance: 0.00892
• Breakout confirmation: above 0.00892
• Targets: 0.00940 → 0.00985 → 0.01030
• Pullback support: 0.00816
• Stronger support: 0.00789
• Invalidation: below 0.00789
Technical read:
Price is above MA7 0.00847, MA25 0.00789 and MA99 0.00669, keeping the structure bullish. MACD is positive, but momentum is flattening slightly.
My preferred setup is breakout + retest, not a blind entry into resistance. If 0.00892 flips into support, continuation becomes much cleaner. If it rejects hard, waiting for the pullback offers better risk control.
Risk: After such an extended move, volatility and sharp retracements can be aggressive. Manage position size accordingly.
#HEMI #CryptoTrading #TechnicalAnalysis
@Hemi $PIXEL $COW