Dropped 57%! What's next for $H ? Let’s break it down in plain English.
No need to get into fancy indicators, here’s the scoop: we’ve definitely overshot to the downside, and a bounce could happen at any moment. All the technical indicators are at rock bottom, and the bears have exhausted their selling power. We can expect a rebound in the next few hours, with the first target around 0.20-0.21.
But! Don’t get too excited; this is just a technical bounce, not a reversal. Money is still fleeing, and moving averages are pressing down from above. After the bounce, it's highly likely we’ll see another dump, testing the support at 0.14-0.15.
In simple terms, you can go in light for a bounce play, take your profits, and don’t be greedy. Forget about trying to catch the bottom; it’s not the right time yet. After the bounce, remember to get out, as we’re likely heading for a second test of the lows. $H
No need to get into fancy indicators, here’s the scoop: we’ve definitely overshot to the downside, and a bounce could happen at any moment. All the technical indicators are at rock bottom, and the bears have exhausted their selling power. We can expect a rebound in the next few hours, with the first target around 0.20-0.21.
But! Don’t get too excited; this is just a technical bounce, not a reversal. Money is still fleeing, and moving averages are pressing down from above. After the bounce, it's highly likely we’ll see another dump, testing the support at 0.14-0.15.
In simple terms, you can go in light for a bounce play, take your profits, and don’t be greedy. Forget about trying to catch the bottom; it’s not the right time yet. After the bounce, remember to get out, as we’re likely heading for a second test of the lows. $H