$HIFI
š HIFI/USDT ā 1H Uptrend Breakout Setup
š Timeframe: 1H
š° Current Price: $0.1140
š Trend Context: Price has broken above a multi-week descending trendline. Currently consolidating just above the trendline, suggesting a potential shift from bearish to bullish structure.
š© Entry Plan (Long Bias):
š Entry Zone:
Aggressive: $0.1130 ā $0.1145 (current consolidation after breakout)
Dip Buy (Retest Zone): $0.1105 ā $0.1120 (pullback into the trendline)
Breakout Entry: Above $0.1180 with strong volume and candle close
šÆ Take-Profit Targets:
TP1: $0.1180 (recent high before rejection)
TP2: $0.1230 (short-term resistance zone)
TP3: $0.1290 (prior swing high)
š”ļø Stop-Loss:
SL: $0.1090 (below trendline and recent swing low)
āļø Risk-Reward Tip:
Entry: $0.1125
SL: $0.1090
TP2: $0.1230 ā Risk:Reward ā 3:1
Move SL to breakeven after TP1 is hit.
š Alternate Bearish Scenario:
If HIFI closes below $0.1090 with volume:
š Downside targets: $0.1020 and $0.0965 (support zones from earlier consolidation)
ā
Confirmation Triggers:
šø 1H candle close above $0.1155 with strong volume
šø RSI holding above 50 or bouncing from 40 on pullback
šø BTC holding or trending up (macro correlation)
š„ Signal Strength:
Moderate to High š¢
Trendline breakout is clean, but needs follow-through volume to trigger continuation. Ideal for short-term swing or breakout scalps with clear invalidation.