🚨 $HEMI Still looking weak, leaning bearish for now
Hey everyone, taking another look at HEMI today. It's been consolidating but definitely with a bearish tilt – the price action and flows aren't giving me much reason to get excited on the long side yet.
*Volume vibe:
24h volume is sitting at around 312M, which is actually pretty high compared to the usual levels. That spike came during the drop from ~0.0169, so it feels more like distribution (big holders unloading) than real buying interest. High volume on the way down is never a great sign.
*Capital flow check:
Contracts are bleeding – -135k net outflow in 24h and a whopping -4.64M over 7 days. Spot had a tiny +24k inflow today, but over the week it's still negative (-113k). Overall, demand looks soft, and sellers are still in control.
*Price action $HEMI
We're stuck in this range, but the resistance zone around 0.0149-0.0150 looks tough. If we get rejected there, I like shorts. A clean break below 0.0144 (recent low) with some volume would confirm more downside.
*My plan (cautious short) $HEMI
- Entry: Short on rejection at 0.0149-0.0150, or wait for break below 0.0144
- Stop-loss: Around 0.0151-0.0152
- Targets: First at 0.0137 (Support), then 0.0125 (next support) if momentum builds
This is a bearish setup, but if we somehow break above 0.0152 with conviction, I'd reconsider.
Anyone else trading HEMI right now? Still bearish or seeing something I'm missing? Let's hear it! 📉 #HEMI #hemiusdt
