$HEMI /USDT 📉
On the 4H timeframe, $HEMI is moving sideways, but the 1H chart shows a bearish structure. Even though price is slightly above the 50 EMA, that EMA is still below the 200 EMA, which signals overall weakness rather than strength.
Momentum on the 1H RSI is overbought (around 61.7), suggesting price is stretched and likely due for a pullback. The key confirmation comes when the 15-minute RSI drops below 50, showing short-term momentum has flipped to the downside. That’s the signal to enter a short trade.
Why this setup works now:
Higher-timeframe resistance is holding, and the 1H move looks overextended, creating a good probability for a reversal back down.
Trade Setup (SHORT):
• Entry: Market between 0.014856 – 0.014988
• TP1: 0.014527
• TP2: 0.014396
• TP3: 0.014133
• Stop-Loss: 0.015317
This trade focuses on selling into weakness after overextension, while respecting resistance and keeping risk controlled 📊
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