Got request to make an update on HEX. Here's my thoughts on this chart.
• Structurally speaking makes sense to long here at technical support levels because it offers good RR.
• From trend and momentum things still look grim despite ongoing bullish divergence BUT macro trend still look terrible so any bounce likely to be short lived.
Generally speaking better to stay out of this but if one has to take long ideally 10 or 20% of typical normal position size just for the fun and knowing there strong chance this print another quick candle down.
Volumes also don't look impressive despite small grow yet they don't look like capitulation like.
• Structurally speaking makes sense to long here at technical support levels because it offers good RR.
• From trend and momentum things still look grim despite ongoing bullish divergence BUT macro trend still look terrible so any bounce likely to be short lived.
Generally speaking better to stay out of this but if one has to take long ideally 10 or 20% of typical normal position size just for the fun and knowing there strong chance this print another quick candle down.
Volumes also don't look impressive despite small grow yet they don't look like capitulation like.
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