What the heck is going on with $HEMI right now?
This is a bloodbath, plain and simple.
After that absolutely wild run up to $0.1137, it's been straight downhill. We're talking a 20\% drop today alone. That's a massive profit-taking wave.
The key level here is 0.0835 low from the last 24 hours. The price just hit that and is trying to bounce a little now, but the buying power looks exhausted.
Right now, the most important thing is whether the bulls can hold the 0.08 handle. If we close below that, the next stop is probably back where this whole pump started from.
I'm not touching this until the chart prints a clear, definitive bottom. This is a zone for sharp scalps, but the swing trade is firmly off the table for now.
Who got caught holding the bag near the top on this HEMI dump? Ouch.