• Pair: HEMI/USDT (Perpetual Futures)
• Timeframe: 4H (4-hour chart)
• Current Price: Around 0.03724 USDT
• Price Movement:
• The price is consolidating just below a resistance zone at 0.0402 – 0.0403.
• A recent bullish push attempted to break this level but got rejected.
• The support zone is near 0.0369 – 0.0370.
• Chart Setup:
• A long position trade is set up with entry around 0.0372 USDT.
• Stop Loss: Around 0.0369 USDT (tight SL just below support).
• Target (TP): Extends upward to nearly 0.085 USDT (suggesting a high reward-to-risk ratio).
• Indicators:
• Moving averages (yellow, red, blue lines) are starting to slope upward, suggesting bullish momentum.
• Volume spikes show active trading interest around the breakout attempts.
• Observation:
• If the price breaks and sustains above 0.0403, strong bullish momentum could follow.
• If rejected again, it may retest 0.0369 – 0.0370 support.
• Timeframe: 4H (4-hour chart)
• Current Price: Around 0.03724 USDT
• Price Movement:
• The price is consolidating just below a resistance zone at 0.0402 – 0.0403.
• A recent bullish push attempted to break this level but got rejected.
• The support zone is near 0.0369 – 0.0370.
• Chart Setup:
• A long position trade is set up with entry around 0.0372 USDT.
• Stop Loss: Around 0.0369 USDT (tight SL just below support).
• Target (TP): Extends upward to nearly 0.085 USDT (suggesting a high reward-to-risk ratio).
• Indicators:
• Moving averages (yellow, red, blue lines) are starting to slope upward, suggesting bullish momentum.
• Volume spikes show active trading interest around the breakout attempts.
• Observation:
• If the price breaks and sustains above 0.0403, strong bullish momentum could follow.
• If rejected again, it may retest 0.0369 – 0.0370 support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.