$HEMI /USDT: Bearish Rally Exhaustion & Structural Resistance 📉
Trading Setup: Short
Entry Zone: 0.0152 – 0.015
SL: 0.01552
TP1: 0.0145
TP2: 0.0143
TP3: 0.0141
Technical Analysis
Despite a minor intraday bounce, the 4-hour chart remains structurally bearish, with price action currently testing a critical resistance cluster near 0.01511. This move exhibits the characteristics of a classic "bear market rally" (dead cat bounce) rather than a genuine reversal.
Execution Trigger:
The short opportunity is validated by momentum exhaustion: the 15-minute RSI is rolling over below the 50 neutral level, confirming that the short-term buying pressure has depleted. This setup aims to fade the failed rally, aligning with the dominant higher-timeframe downtrend to target a rotation back toward the 0.01438 support zone. A breakdown below the local 1-hour low serves as final confirmation.
