🚨 $FHE just spiked 3.6% with a massive 19.3x volume surge… but is this real buying or a trap? 👀
I’m cautiously bullish on the 1H bounce, but I’m not chasing the pump.
Why? Open interest is falling, taker flow remains seller-led, and the daily, weekly, and BTC trends are bearish.
Key resistance: $0.01891–$0.01902
If rejected, I’m watching for a pullback into $0.01789–$0.01747 before considering a LONG.
🎯 TP1: $0.01891
🎯 TP2: $0.01989
🎯 TP3: $0.02045
🛑 Invalidation: 1H close below $0.01787.
The plan: Don't chase the spike. Wait for the pullback and bullish confirmation. 📊
I’m cautiously bullish on the 1H bounce, but I’m not chasing the pump.
Why? Open interest is falling, taker flow remains seller-led, and the daily, weekly, and BTC trends are bearish.
Key resistance: $0.01891–$0.01902
If rejected, I’m watching for a pullback into $0.01789–$0.01747 before considering a LONG.
🎯 TP1: $0.01891
🎯 TP2: $0.01989
🎯 TP3: $0.02045
🛑 Invalidation: 1H close below $0.01787.
The plan: Don't chase the spike. Wait for the pullback and bullish confirmation. 📊