$FHE Short Alert: Bearish Structure Dominating!
The trend is clear: $FHE is struggling to find buyers as sellers defend every bounce. We are currently seeing a textbook bearish continuation pattern on the lower timeframes, with the price failing to reclaim the $0.0420 resistance zone.
🔍 Why This Setup Works:
Technical Rejection: Price is pinned under a "Lower High" structure. Each attempt to rally is being met with aggressive sell-side volume.
Momentum Breakdown: The 1H and 2H charts show the RSI failing to cross the 50-midline, signaling that bearish momentum is in full control.
Liquidity Hunt: With buyers staying weak, the price is likely to hunt for liquidity at the $0.0340 support cluster.
📉 The Trade Plan (Short):
Entry: Market Price
Stop Loss (SL): 0.4250
🎯 Take-Profit Targets:
Target 1: 0.0380 (Immediate Support)
Target 2: 0.0360 (Key Liquidity Level)
Target 3: 0.0340 (Major Structural Bottom) 🚀
💡 Pro Trader Tip: Don't get caught in a "fake-out." If the price breaks and closes a 1H candle above $0.0430, the bearish thesis is invalidated. Always trade with a plan!
