$HEMI This is the kind of pullback I actually want to watch

I’ve been looking at HEMI on the 30m, and honestly, the +39% move isn’t even the most interesting part to me.

It’s what happened after the first big push.

HEMI went from sitting around the 0.014 area to ripping through 0.016, 0.018 and then 0.020+ pretty quickly. Then we got that sharp rejection from 0.0218.

Normally, after a move like that, I’d expect the chart to get ugly fast.

But it didn’t.

Price pulled back, buyers showed up again around the 0.0185 area, and now it’s back around 0.0200. That tells me there’s still some demand underneath this move instead of everyone rushing for the exit at the first sign of weakness.

The other thing I keep noticing is the moving averages. MA(7) is sitting around 0.01956, while MA(25) is much lower at 0.01616. So the short-term structure has shifted pretty aggressively in favor of buyers.

And volume? Yeah, it definitely showed up.

The breakout candles came with a serious increase in volume, and MACD is still positive. So I’m not looking at a move that happened completely out of nowhere.

But I’m also not going to pretend the chart is risk-free here.

That 0.0218 high is the obvious obstacle. HEMI already tested it once and got rejected, so I want to see what happens if buyers come back for it again.

If price can hold around 0.0195–0.0200 and build another push toward 0.0218, I’d be paying very close attention to the volume behind that attempt.

If it starts losing the MA(7) and especially gives back that 0.0185 area, then I’d rather step back and let the chart reset.

For now though, I like the way buyers responded to the pullback.

The first pump got my attention.
The way HEMI handled the pullback is what keeps me watching. $HEMI