#FHE just squeezed the shorts.
Around 5.11K dollars in short positions were liquidated at 0.05543. Sellers expecting a pullback got caught as price pushed higher, forcing them to close and adding quick buying pressure to the move. Short liquidations like this often bring short term upside momentum.
Now the 0.055 to 0.0554 zone becomes important.
If FHE holds above this level, we could see continuation toward 0.057 and possibly 0.058 as momentum builds. But if price falls back below 0.055, this could turn into a liquidity grab, with 0.0535 to 0.054 as the next support area.
Right now bulls have the short term edge. Holding above 0.055 will decide whether this breakout continues or cools off.
FHEUSDT
Perp
0.04435
-8.10%