I’m also seeing a possible short scenario forming on $FHE , especially if the recent momentum starts to slow down.


$FHE — Possible Short Setup 📉
Entry: 0.0318 – 0.0325
Stop Loss: 0.0342
Targets:
TP1: 0.0300
TP2: 0.0285
TP3: 0.0265
The reason this short setup is interesting to me is that 0.032 area could act like a temporary resistance. Price moved up very quickly from the 0.028–0.030 range, and when a move happens that fast, the market sometimes pulls back before deciding the next direction.
If buyers fail to hold 0.031, it could signal that the breakout was a bit overheated in the short term. When that happens, traders often take profit, and price tends to revisit previous support zones.
The first level I’d watch is 0.030, since that area used to be resistance and could now become support. If that level breaks with strong selling pressure, the next zones around 0.0285 and possibly 0.0265 could come into play.
For me, the key signal would be rejection around 0.032 combined with weakening momentum. If that shows up, the short side could offer a quick opportunity before the market decides its larger direction.
Click here to trade 👈 $FHE ‌
FHE20,97%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin