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.
