After a weak breakout and then a quick correction, is HEMI regaining momentum towards 0.10 or has the real collapse begun?
- Current price: 0.0826 USDT (-3.73%)
- 24h range: 0.0811 — 0.0852
- 24h trading volume: 260.74M HEMI / 21.47M USDT
- Indicators: Buy ratio 64% → Relative buying pressure; the price is below all major averages indicating weak medium and long-term momentum; RSI and MACD are showing a slide towards neutral/selling bias with potential for a short rebound.
- Technical summary: The price is facing strong resistance at the averages; the recent movement shows a correction after an attempt to test higher areas, needing increased trading volume to confirm the recovery of the upward trend.
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Entry and exit zones (actionable plan)
- Conservative entry (better to reduce risk): 0.0790 – 0.0815
- Speculative entry (wait for signal): Daily close above 0.0895 with increased trading volume
- Targets:
- First target: 0.095
- Second target: 0.105
- Extended target: 0.120 (conditionally if stable above 0.105)
- Stop loss: 0.075 (or flexible depending on the risk ratio you determine)
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Market sentiment evaluation and liquidity risks
- Buy ratio: 64% → General buying bias but not decisive
- Trading volume: Relatively high allowing for execution of trades, but accompanied by volatility; a drop in volume during correction could accelerate the price decline to support levels.
- Risks: The price is below MA(25) and MA(99); failure to rebound with weak volume means testing levels 0.070–0.075.
