$H faces a critical resistance after a strong rally, with signs of waning upward momentum, divergence between price and volume, and overbought signals emerging.
Go short immediately $H
Entry: 0.1490 – 0.1510
Stop loss: 0.1560
First target: 0.1433 Second target: 0.1359
The price failed to continue its strength after hitting 0.155 and is now hovering below the key resistance zone. Although the moving averages remain in a bullish alignment, the MFI has risen to an extreme overbought level, and the upward move is accompanied by shrinking trading volume, indicating that buying pressure is starting to hesitate at the current level. This fatigue at high levels and indicator divergence often create conditions for a short-term correction, and it may be an opportunity to catch a technical retracement.
Trade here $H 👇
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$H faces a critical resistance after a strong rally, with signs of waning upward momentum, divergence between price and volume, and overbought signals emerging.
Go short immediately $H
Entry: 0.1490 – 0.1510
Stop loss: 0.1560
First target: 0.1433
Second target: 0.1359
The price failed to continue its strength after hitting 0.155 and is now hovering below the key resistance zone. Although the moving averages remain in a bullish alignment, the MFI has risen to an extreme overbought level, and the upward move is accompanied by shrinking trading volume, indicating that buying pressure is starting to hesitate at the current level. This fatigue at high levels and indicator divergence often create conditions for a short-term correction, and it may be an opportunity to catch a technical retracement.
Trade here $H 👇