$HIFI /USDT – Double Top Rejection at Resistance Zone
0.1244
+16.58%
$HIFI /USDT is facing strong resistance around the 0.1248 – 0.1370 zone, where price has previously reversed. After testing this area again, the market is showing signs of exhaustion with a potential double-top formation. The failure to break above 0.1248 with conviction indicates bearish pressure building up.
📉 Bearish Trade Setup (Short Idea): • Entry Zone: 0.1245 – 0.1250
• Take Profit 1 (TP1): 0.1100
• Take Profit 2 (TP2): 0.0888
• Stop Loss (SL): 0.1370
If price gets rejected again at this resistance band, a sell-off could follow, potentially retracing back to major support zones.
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