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$HEMI /USDC Analysis: Bearish Trend Strengthening! 📉
The 1-hour chart for
$HEMI shows heavy bearish control following a steep downward expansion. The asset is firmly trapped below its key moving averages. Keep in mind that the RSI(6) is deeply oversold at 16.36, meaning a brief, temporary relief bounce could happen before the next decline. Following the dominant trend, we are looking for a Short position on a pullback.
Here is your simple, clean, and actionable trade plan:
🔽 Position: SHORT
🔴 Trend: Bearish
🎯 Entry Zone: 0.00705 - 0.00720 (Look for entry triggers on a minor relief bounce toward the MA7 resistance area)
🚀 Take Profit (TP) Targets:
• TP1: 0.00688 (Testing the recent swing low)
• TP2: 0.00660
• TP3: 0.00630
🛡️ Stop Loss (SL): 0.00735 (Placed safely above the recent breakdown structure and MA25)
⚠️ Risk Management: Protect your trading capital! Always trade with a sensible risk-to-reward ratio and risk only 1-2% of your wallet.
Trade safely and stay disciplined! 🦾
#HEMI #USDC #CryptoTrading #TechnicalAnalysis
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