FHE's current trend is a bit tense. The price is stuck at 0.03961, down 7.5%, and the bearish trend has lasted for 48 K-lines.
Let's talk about the key levels. There are three support lines: 0.03916, 0.03790, 0.03756, and resistance levels are at 0.04192, 0.04260, 0.04728. The most dangerous level right now is the dynamic resistance at 0.03915—since the price is right at this point.
This is a critical point. If trading volume is insufficient to break through 0.03915, the bears will continue to control the situation. Aggressive traders can watch the resistance level closely, observe how the market reacts, and operate accordingly.
Be cautious about the risks. The current price is less than 1 ATR away from the trendline, meaning volatility will become more intense. Even more concerning is that the bullish momentum indicated by MACD is already waning, which is not a good sign. Don't be fooled by a rebound—after a so-called "dead cat bounce," the price is very likely to turn downward again.
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TopBuyerBottomSeller
· 01-08 02:51
48 candles are still falling, this bearish trend is really intense. Without sufficient volume, there's really no hope.
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RektCoaster
· 01-08 02:46
Still dropping after 48 candles, this pace is a bit brutal... It feels like a dead cat bounce followed by a direct plunge.
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TradFiRefugee
· 01-08 02:33
48 candlesticks bearish? That must be really uncomfortable, feels like FHE is about to break below again.
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ContractTester
· 01-08 02:32
It's been 48 candles and it's still falling. How persistent are these bears? I feel like we need to break below 0.03790 to breathe a sigh of relief.
FHE's current trend is a bit tense. The price is stuck at 0.03961, down 7.5%, and the bearish trend has lasted for 48 K-lines.
Let's talk about the key levels. There are three support lines: 0.03916, 0.03790, 0.03756, and resistance levels are at 0.04192, 0.04260, 0.04728. The most dangerous level right now is the dynamic resistance at 0.03915—since the price is right at this point.
This is a critical point. If trading volume is insufficient to break through 0.03915, the bears will continue to control the situation. Aggressive traders can watch the resistance level closely, observe how the market reacts, and operate accordingly.
Be cautious about the risks. The current price is less than 1 ATR away from the trendline, meaning volatility will become more intense. Even more concerning is that the bullish momentum indicated by MACD is already waning, which is not a good sign. Don't be fooled by a rebound—after a so-called "dead cat bounce," the price is very likely to turn downward again.