Market Update: $HIMS 📊
Suggested Direction: Short
Entry: 27.9949-28.3703
Stop-Loss Reference: 28.7100
Target Prices: 27.7029/27.2857/26.6600
Analysis: HIMS's price action has me cringing for the bulls—EMA death cross is right there, 28.21 and 28.32 are practically glued together, MACD has also crossed down, RSI is stuck at 34, not really giving a clear direction. If you call it a short, it hasn't exactly dumped hard; if you say it's ranging, all the indicators are pointing down. The market is just a mess. At 28.12, shorts are probably getting their patience tested daily, and the stop-loss at 28.71 is just outrageous. Do you really think the bulls might poke up there before dropping? Personally, I don’t buy that it breaks down directly; more likely, it’ll hang around the 28 area for a bit. Don’t rush; wait for a solid break below 28 to add to the position. Right now, jumping in is just throwing fees to the exchange.
Tip: Suggested Stop-Loss: 28.710000, please adjust your position size according to your risk appetite
#HIMS
Suggested Direction: Short
Entry: 27.9949-28.3703
Stop-Loss Reference: 28.7100
Target Prices: 27.7029/27.2857/26.6600
Analysis: HIMS's price action has me cringing for the bulls—EMA death cross is right there, 28.21 and 28.32 are practically glued together, MACD has also crossed down, RSI is stuck at 34, not really giving a clear direction. If you call it a short, it hasn't exactly dumped hard; if you say it's ranging, all the indicators are pointing down. The market is just a mess. At 28.12, shorts are probably getting their patience tested daily, and the stop-loss at 28.71 is just outrageous. Do you really think the bulls might poke up there before dropping? Personally, I don’t buy that it breaks down directly; more likely, it’ll hang around the 28 area for a bit. Don’t rush; wait for a solid break below 28 to add to the position. Right now, jumping in is just throwing fees to the exchange.
Tip: Suggested Stop-Loss: 28.710000, please adjust your position size according to your risk appetite
#HIMS