๐ $HEMI /USDT ๐๐
Current Price: $0.01027
24H Change: -7.81% ๐ป
HEMI is clearly in a short-term downtrend, forming lower highs and lower lows on the 4H timeframe. Price recently rejected near $0.0117 resistance and is now approaching the key $0.010 support zone.
๐ Technical Insights:
RSI (6): 16 โ Deep oversold territory โ ๏ธ
Recent Low: $0.00917
Volume: Moderate but not showing strong bullish reversal yet
MA trend: Bearish crossover holding pressure
๐ Key Levels to Watch:
Support: $0.0100 โ if breaks, next zone around $0.0092
Resistance: $0.0112 โ $0.0117 range
๐ก Possible Scenarios:
Bounce Play: If support holds, we may see a short-term relief bounce.
Breakdown Risk: Losing $0.010 could trigger another leg down.
โ ๏ธ Trading Tip:
Wait for confirmation (reversal candle or volume spike) before entering. Catching falling knives can be risky.