Should you buy or sell $HIFI ? This is the best trading setup for #Hifi which has been delisted from Binance Spot Trading, but is still available on Binance Futures Trading.
After rising to 0.249 (over 70%), HIFI is at the consolidation phase around 0.175 and 0.21662. Let's analyse this coin and take the best possible decision.
1. Technical Analysis :
- The EMA is rising from 0.182 to 0.198. This is a bullish sign.
- RSI is also rising, from 56 to 58. Another bullish sign.
- MACD has turned slightly negative (bearish sign).
- The Volume has decreased from 34M to 23M. Volume decrease is normal during the consolidation phase.
- The funding rate is positive (0.217%). The Liquidation heatmap shows more liquidation zones downwards. But, even if the funding rate is positive, it is not too high.
2. Trading Setup - BUY
Buy at the following price - 0.185
Leverage - 10x
TP 1 - 0.22
TP 2 - 0.24
TP 3 - 0.254
SL - 0.16793