The chart for $FHE USDT (Mind Network perpetual futures on Binance) shows a sharp correction after an explosive rally! 🚀→📉
Price currently at 0.1233 USDT, down -16% in the last 24 hours from a high of 0.15057. After breaking out massively (from lows around 0.03-0.04 to peaks near 0.38 earlier), we saw strong bullish momentum with green candles stacking up, but now heavy selling pressure has pushed it back below recent support levels.
Key indicators flashing interesting signals:
RSI(14) ~55 (neutral, not oversold yet), RSI(6) ~47 showing short-term weakness
Stochastic K ~27 / D ~43 (oversold territory approaching, potential bounce)
Bollinger Bands: Price hugging lower band after expansion → classic mean-reversion setup
Volume decreasing on the drop → selling exhaustion possible
Long/Short Ratio ~0.69 (more shorts building, contrarian bullish hint)
After this -16% flush, the token looks primed for a relief bounce or reversal from this zone. Strong buyers stepped in at similar dips before during the uptrend.
TRADE IDEA – LONG SETUP
Enter Long $FHE USDT around current levels 0.123 – 0.124
🎯 Take Profit 1: 0.133 (+7-8%)
🎯 Take Profit 2: 0.150 (previous 24h high, +20%+)
Stop Loss: 0.119 (below recent low / invalidation, -3-4% risk)
High volatility asset – use low leverage (3-5x max) and proper risk management! This could be the dip before the next leg up if buyers defend. 🔥
Trade $FHE USDT Now! Don't miss the bounce – Follow & turn 🔔 on ✅ for more setups!
#FHE #FHEUSDT #MindNetwork #CryptoTrading #BinanceFutures #Altcoin
#CryptoDip #BullishBounce #TradingSignals #BinanceSquare