$HUMA #HumaFinance@Huma Finance 🟣
HUMAUSDT 1H frame:
*Market overview
Current price: 0.03692 USDT
Volatility: -12.63%
-Recent trend: Strong dump to 0.03470 followed by technical rebound
-Volume: Gradually decreasing after a strong drop. Buying pressure has not really returned strongly yet.
*Technical indicator analysis
1. MA Line
MA7: 0.03660
MA25: 0.03751
MA99: 0.04109
- Current price is below MA99 and MA25 but above MA7. Light technical rebound in the overall downtrend. MA has not shown clear reversal signals yet.
2. MACD
DIF: -0.00091
DEA: -0.00118
MACD Histogram: +0.00026
-Histogram slightly increasing, MACD crossing up from the negative zone - signaling a short-term rebound is occurring, however not surpassing the positive threshold → not confirmed reversal.
3. RSI(6): 58
-Neutral, leaning slightly towards increase. Not overbought, not oversold.
4. KDJ
K: 81 | D: 67.8 | J: 107.8
- Overbought signal (J > 100). Likely to have a slight correction soon.
- Long
Entry: 0.0363 – 0.0369
TP1: 0.0375
TP2: 0.0405 – 0.0410
SL: 0.0345
- Short
Entry: 0.0405 – 0.0415
TP1: 0.0375
TP2: 0.0350 – 0.0347
SL: 0.0425
-Spot
Entry: 0.0345 – 0.0365
TP: 0.0410 – 0.0450
SL: 0.0329
- Should not buy spot if there is no clear support confirmation.
*Conclusion:
Overall trend: Down
Currently in a technical rebound → should prioritize short-term Long if quick enough or wait for Short when hitting resistance
Volume weakening, RSI & KDJ warning of overbought area → beware of bulltrap