$HIFI /USDT – TREND ANALYSIS
Current Price: $0.5663
Key Levels:
• Resistance: $0.5700, $0.5844
• Support: $0.5500, $0.5376
Trade Setup
• Entry Zone: $0.5650 - $0.5670
• Take Profit (TP):
• TP1: $0.5700
• TP2: $0.5840
• Stop Loss (SL): $0.5500
Analysis
HIFI/USDT has shown a recovery from its 24-hour low, forming a potential higher low. Breaking above $0.5700 with volume could lead to further bullish momentum towards $0.5840. Watch for a rejection near $0.5700 if the volume remains low.
Risk Management
Use a 3:1 risk-reward ratio. Monitor closely for a breakout above $0.5700 or rejection at this resistance level.