FHE's recent market movements definitely attract attention, but before following the trend, it's important to understand what the technicals are indicating.
Currently, the price is around 0.14, and the 1-hour RSI is only 37. This data suggests the market is still in oversold territory, so there is room for a rebound. However, a true bullish signal has not yet been fully established—although the MACD histogram remains negative, the fast and slow lines are showing signs of a golden cross, just lacking confirmation with volume.
**The key level to watch is at 0.145.** This is where a previous small platform resistance was formed; whether it can hold steady will determine the subsequent trend. If it cannot break through, treat it as a false breakout and exit immediately.
If a confirmed breakout occurs, the trading plan could be as follows:
**Entry condition**: Effective breakout and stabilization above 0.145, which would preliminarily verify bullish momentum.
**Stop-loss set at**: 0.138. If it drops below this, exit the position. This risk control is approximately 5%.
**Target levels**: First target at 0.152 (about 4.8% gain), second target at 0.158 (about 9% gain).
In summary, setting a stop-loss is non-negotiable when entering a position. The most important thing is to manage your position size well and not expect to make big profits from a single trade.
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MoonBoi42
· 9h ago
0.145 This level is really crucial. If you can't break through, it's a false breakout. You must act decisively and not hesitate.
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0xOverleveraged
· 9h ago
Damn, can 0.145 really hold the line? That's truly the life and death point. I really hate that fake breakout routine.
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GateUser-1a2ed0b9
· 10h ago
0.145 is indeed a critical level. If it can't break through, it's a false breakout. My experience is that this is when you're most likely to get trapped.
FHE's recent market movements definitely attract attention, but before following the trend, it's important to understand what the technicals are indicating.
Currently, the price is around 0.14, and the 1-hour RSI is only 37. This data suggests the market is still in oversold territory, so there is room for a rebound. However, a true bullish signal has not yet been fully established—although the MACD histogram remains negative, the fast and slow lines are showing signs of a golden cross, just lacking confirmation with volume.
**The key level to watch is at 0.145.** This is where a previous small platform resistance was formed; whether it can hold steady will determine the subsequent trend. If it cannot break through, treat it as a false breakout and exit immediately.
If a confirmed breakout occurs, the trading plan could be as follows:
**Entry condition**: Effective breakout and stabilization above 0.145, which would preliminarily verify bullish momentum.
**Stop-loss set at**: 0.138. If it drops below this, exit the position. This risk control is approximately 5%.
**Target levels**: First target at 0.152 (about 4.8% gain), second target at 0.158 (about 9% gain).
In summary, setting a stop-loss is non-negotiable when entering a position. The most important thing is to manage your position size well and not expect to make big profits from a single trade.