📉 $HIFI /USDT – Sharp Rebound, But Trend Still in Trouble

HIFI is trading at $0.1277, down -7.66% in the last 24h after recovering from an intraday low of $0.1237. Despite a strong bounce, the price remains below the 99 MA, keeping short-term bias bearish:

MA(7): $0.1256 (support reclaimed)

MA(25): $0.1270 (currently testing)

MA(99): $0.1282 (acting as resistance)

The rejection from $0.1304 suggests sellers are still active on spikes. A close above $0.1285 is needed for potential trend reversal.

Trade Setup:

Entry: $0.1277

TP1: $0.1298

TP2: $0.1320

TP3: $0.1350

SL: $0.1248

Takeaway: HIFI just showed life with a quick rebound, but bulls need to reclaim $0.128+ to shift short-term sentiment.

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