🎯 $HUMA / USDT: rebound or reversal?
After a powerful rally, $HUMA logically went into correction. Right now, the asset has closely approached the resistance level and is testing EMA99. This is a decisive moment: either we will see a classic technical rebound from the compression zone, or sellers will push the price deeper.
What do the indicators say? 📊
The situation is twofold. On one hand, the price is below the fast moving averages (EMA 21/50), which confirms local pressure. On the other hand, RSI (41) and Stochastic are already screaming about oversold conditions. Additionally, there is a convergence of lines on MACD — this is the first signal that the bears' strength is waning.
My trading plan: 📈
I consider the current area of interest (0.0157 – 0.0159) optimal for looking for an entry point into a long position. If we hold the support, the potential movement looks very enticing:
First target: 0.0170 (+7%) — here we will encounter resistance from EMA21.
Main target: 0.0200 (+26%) — exit from the accumulation zone.
Risks: 😅
Without stop-losses, there is nothing to do here. I set the exit at 0.0145. If we close below this mark on the 4H timeframe, the rebound scenario is canceled.
Enter the trade carefully, in portions. Let's see if the bulls have enough strength to push the price up. 🚀
