$HIFI /USDT - BEARISH TREND CONTINUATION

⚠️ HIFIUSDT will be delisted at 2025-09-17 08:00 UTC+5. Please be cautious and manage your risks.

Technical Analysis:

The chart shows a clear downtrend after failing to sustain higher price levels. The recent price action, marked by sharp red candles, indicates strong selling pressure. The current price is hovering around a key support area, but the overall market structure and the delisting announcement suggest further downside is likely.

Key Levels:

* Current Price: $0.3214

* Resistance: The immediate resistance is around the $0.3400 area, which acted as a previous support level. A break above this level is needed to invalidate the bearish outlook.

* Support: The key support level to watch is the 24h low at $0.2576. A break below this level could lead to a significant drop.

Trade Setup (Short Entry):

Given the strong bearish momentum and the delisting risk, a short position is the most probable trade setup.

* Entry: Wait for a retest of the resistance zone at $0.3400. A strong rejection candle in this area would be a good entry signal.

* Take Profit (TP):

* TP1: $0.3000

* TP2: $0.2576 (24h low)

* TP3: If the price breaks below $0.2576, the next major support is at the all-time low of $0.05192.

* Stop Loss (SL): Place your stop loss above the resistance at $0.3450 to protect your capital from an unexpected move up.

Risk Management:

Due to the high volatility and the impending delisting, this is an extremely high-risk trade. It is crucial to use proper risk management.

* Capital Allocation: Allocate only a very small percentage of your capital to this trade.

* Risk per Trade: Do not risk more than 1-2% of your total portfolio on this single trade.

* Strict SL: Adhere to your stop-loss order strictly to avoid large losses. The delisting announcement adds an unpredictable element, so be prepared for rapid price movements.

#FedRateCutExpectations #BNBBreaksATH #BinanceHODLerHOLO #MemeCoinETFs