Failed breakout still failing.
🔴 $HEMI - SHORT
Trade Plan:
Current Price: ~0.004550
Entry Zone: 0.00462 – 0.00480
SL: 0.00505
TP1: 0.00440
TP2: 0.00425
TP3: 0.00405
HEMI failed to hold the $0.00462–$0.00480 breakout shelf and rolled back to $0.004550, confirming the prior push was a bull trap rather than continuation. The 4H RSI is printing a lower high against price’s failed bounce, a clear bearish divergence, while volume profile shows trapped longs at $0.00465–$0.00485. Open interest is declining on green candles, confirming position unwinding rather than new accumulation. A clean break below $0.00440 opens the thin liquidity void toward $0.00425 and the $0.00405 extension. Invalidation is only $0.00505 above the failed breakout high.
Did the breakout trap you too?
Click below for trade 👇
DYOR & manage risk! $HEMI
🔴 $HEMI - SHORT
Trade Plan:
Current Price: ~0.004550
Entry Zone: 0.00462 – 0.00480
SL: 0.00505
TP1: 0.00440
TP2: 0.00425
TP3: 0.00405
HEMI failed to hold the $0.00462–$0.00480 breakout shelf and rolled back to $0.004550, confirming the prior push was a bull trap rather than continuation. The 4H RSI is printing a lower high against price’s failed bounce, a clear bearish divergence, while volume profile shows trapped longs at $0.00465–$0.00485. Open interest is declining on green candles, confirming position unwinding rather than new accumulation. A clean break below $0.00440 opens the thin liquidity void toward $0.00425 and the $0.00405 extension. Invalidation is only $0.00505 above the failed breakout high.
Did the breakout trap you too?
Click below for trade 👇
DYOR & manage risk! $HEMI
