$HIFI
HIFI/USDT—HIFI Drop: Fade Play or Bounce Back Incoming?
HIFI/USDT is feeling heavy, pressing into new lows at $0.11252 with trend and volume both stuck in reverse gear. The order book shows thin support below, and every uptick keeps getting faded—sellers have the upper hand until proven otherwise.
Trade Plan
Entry: $0.111–$0.113 (try catching a flush to support for mean-reversion bounce or fade weak bounces into resistance $0.115–$0.117)
Target: $0.1181 (lock profits before visible liquidity wall and EMA cluster)
Stop Loss: $0.1098 (just beneath the previous major wick—lean and safe)
My View
HIFI’s trend is one-way and trying to bottom fish here is risky—if it flushes to major support, scalp with tight stops; otherwise, let it prove a reversal with volume before committing. Choppy and oversold can last longer than expected, so discipline is everything.
Disclaimer: This is not financial advice. Don’t get glued to fading the trend—wait for a true reversal or flush.