getting ready for a massive breakout right under our noses? The chart is actually looking pretty healthy compared to the rest of the market today. We bottomed out at 0.014310 and since then, it’s just been making higher lows. It tried to clear the 0.016200 resistance earlier and got rejected, but look at how it’s consolidating now. Instead of dumping back down, it’s holding steady around 0.015700. That’s usually a sign that buyers are absorbing the sell orders. Volume is sitting at 21.97M, which isn't huge, but it's enough to keep the movement organic. If we can push past that 0.016200 level with some real volume, we might see a quick run to the next zone. But if this consolidation fails, I’m looking at 0.015000 as the next logical spot to catch a bounce. I’m keeping a close eye on this one for a potential entry if it flips that resistance.
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Is it just me or is $HEMI
getting ready for a massive breakout right under our noses?
The chart is actually looking pretty healthy compared to the rest of the market today. We bottomed out at 0.014310 and since then, it’s just been making higher lows. It tried to clear the 0.016200 resistance earlier and got rejected, but look at how it’s consolidating now.
Instead of dumping back down, it’s holding steady around 0.015700. That’s usually a sign that buyers are absorbing the sell orders. Volume is sitting at 21.97M, which isn't huge, but it's enough to keep the movement organic.
If we can push past that 0.016200 level with some real volume, we might see a quick run to the next zone. But if this consolidation fails, I’m looking at 0.015000 as the next logical spot to catch a bounce.
I’m keeping a close eye on this one for a potential entry if it flips that resistance.
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