💡 Quick Technical Analysis:
✅ Potential Reversal! After a prolonged downtrend from the $0.1700 peak, HFT is showing its first significant sign of life with a strong bounce from the recent lows.
📊 Price Action: Currently trading at $0.1096, the price has printed a strong green candle, suggesting that buyers are stepping in at these depressed levels. This could mark the beginning of a bottoming process.
📈 ZigZag Indicator: The indicator clearly visualizes the steep decline with a series of lower highs and lower lows. The current bounce is the first real challenge to this bearish structure.
🔁 Momentum Shift: While momentum has been overwhelmingly bearish, this sharp uptick indicates a potential shift. A follow-through from here could confirm a short-term trend reversal.
Trade $HFT
🎯 Suggested Entry Zone:
✅ The area around $0.1080 – $0.1100 offers an early entry into a potential reversal play, close to the recently formed bottom.
📈 A sustained move above $0.1150 would provide stronger confirmation that bulls are taking control.
🛡️ Stop-Loss: A tight stop-loss can be placed just below the recent swing low, around $0.1060.
🎯 Target 1: $0.1200
🎯 Target 2: $0.1300
🧠 Conclusion:
HFT has been severely beaten down, but the recent price action suggests a potential bottom may be forming. For aggressive traders, this presents a high-risk, high-reward opportunity to catch a reversal from the lows.
👇 Do you think this is the bottom for $HFT? Let me know your thoughts! 👇
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