⚡ HFT is up +16% and volume just exploded to 3.65x average. After getting crushed -70% from highs, is this the turn?
Let's break it down:
Price sitting at $0.01077 with RSI at 60 on the 4H — bullish but not overbought. MACD just flipped positive with expanding histogram. The 7-day SMA crossed above the 25-day. These are classic early-reversal signals.
🧠 The Setup:
• Hashflow (HFT) had a brutal drawdown — down 70% from $0.035+
• Volume surge at 3.65x normal = institutional-level buying
• Price reclaimed all short-term moving averages
• Still 2.5% below 99-day SMA — room to run before hitting resistance
📋 Trade Plan:
→ Entry: $0.010–$0.012 (buy dips to 7-SMA)
→ Stop: $0.0085 (-20% — below structure)
→ TP1: $0.014 (+30%)
→ TP2: $0.016 (+50%)
Risk/Reward: 1.2:1. Not amazing, but the technical setup is clean.
🎯 The catch: L/S ratio at 0.91 means shorts are still heavy. A short squeeze could send this flying — OR it could be a dead cat bounce. Scale in, don't YOLO.
Would you buy this dip or wait for more confirmation? 🤔
#HFT #Altcoin #DYOR
⚠️ Not financial advice. Always do your own research. Crypto is volatile — never risk more than you can afford to lose.