Technical analysis by Risk_Adj_Return about Symbol HNT: Sell recommendation (5/6/2025)

HNT | Short | Bearish Flow + VWAP Rejection | (May 2025)1️⃣ Short Insight Summary:Despite some recent bullish headlines, Helium is showing strong signs of distribution. Spot selling and money outflows suggest potential downside risk as price continues to reject key levels.2️⃣ Trade Parameters:Bias: ShortEntry: Near VWAP rejection (~$4.30–$4.50 range)Stop Loss: Invalidation above $4.70 — reclaiming this would suggest strength returningTP1: $3.38 — short-term structure supportTP2: $2.48 — deeper demand zoneTP3: Extended target towards zero if macro weakness continues3️⃣ Key Notes:✅ Tech Overview:Helium operates a decentralized wireless network for IoT and mobile devices using a unique "Proof of Coverage" model. It migrated to Solana in 2023, raising some concerns about long-term conviction in its original tech.✅ Partnerships:Names like AT&T and Dish Network have been associated in various stages, but recent SEC settlements and community skepticism have clouded sentiment.❌ Current Flow:30-minute chart: Slowing inflow4H chart: Money is actively flowing outSpot selling and aggressive short liquidations indicate market maker-driven moves, not organic growthRejections at VWAP confirm heavy sell pressure around $4.30–$4.50❌ Bearish Signs:Rejected twice at the VWAP levelLower highs forming, no clean breakout structureCorrelation to Bitcoin — with BTC going sideways, HNT has lost momentumPrice has dropped over 76% since Dec 20244️⃣ Follow-up Note:Will continue to monitor price action and volume near TP1 and TP2. A reclaim of $4.70 invalidates this setup.Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.