HEMI latest price is 0.01771, down 8.62% from the previous period. From a technical perspective, the downtrend is continuing, with 85 consecutive K-line bars forming a downward pattern. The price is currently running along the trendline, which has become a strong resistance level.
Looking at support, the area below is currently vacant with no obvious support cushion. Regarding resistance, R1 is at 0.01771 (current price level), R2 is at 0.01813, and R3 is at 0.01829.
From a trading perspective, if the price bounces, it could be a good opportunity to enter short positions. However, pay attention to one level—0.01785. Once the price breaks above this level effectively, short positions should consider reducing or exiting, as this is a warning signal.
The current risk is that the price is tightly adhered to the trendline and could break through at any moment. Once the breakout is confirmed, a rapid rebound is entirely possible. In such situations, short traders should exercise particular caution.
HEMI latest price is 0.01771, down 8.62% from the previous period. From a technical perspective, the downtrend is continuing, with 85 consecutive K-line bars forming a downward pattern. The price is currently running along the trendline, which has become a strong resistance level.
Looking at support, the area below is currently vacant with no obvious support cushion. Regarding resistance, R1 is at 0.01771 (current price level), R2 is at 0.01813, and R3 is at 0.01829.
From a trading perspective, if the price bounces, it could be a good opportunity to enter short positions. However, pay attention to one level—0.01785. Once the price breaks above this level effectively, short positions should consider reducing or exiting, as this is a warning signal.
The current risk is that the price is tightly adhered to the trendline and could break through at any moment. Once the breakout is confirmed, a rapid rebound is entirely possible. In such situations, short traders should exercise particular caution.