Hemi TP Was DoneThe image displays a 4-hour candlestick chart for HEMI/USDT, a cryptocurrency pair. Let's break down what we see:
• Upward Momentum: The price has been on a significant and rapid ascent since early September, as indicated by a series of green candlesticks.
• Target Achievement: The two red horizontal lines at approximately 0.045272 and 0.04383 were your price targets. The current price on the chart is far above these levels, at around 0.162858, which is marked in the top left corner.
• Significant Gain: The percentage change of +71.93% is also highlighted in the top left, confirming a massive price increase in a short time. This is a very substantial gain, especially within a 4-hour timeframe.
Hemi
Hemi 4H Bullish Play • 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.