$HEI 📉 Support and Resistance Analysis (4-Hour Chart)
The price is currently at $0.1661, attempting to recover from a massive price drop.
Immediate Resistance Levels (Where selling pressure is likely to be strongest) $0.1803 (Primary Resistance): This level represents the last point of support before the final major drop to the recent low. The previous support now acts as the most significant immediate resistance level. A break and hold above $0.1803 would be a strong initial signal of short-term recovery. 2. $0.1994 - $0.2000 (Minor Resistance Zone/Psychological Level): This is the next structural level from the previous consolidation area and is close to the psychological level of $0.20. Breaking $0.1803 would likely lead to a test of this zone. $0.2332 (Major Resistance): This level is the most recent swing high before the sharp sell-off began. It serves as a major resistance, and recovering this price point would signify a full reversal of the downtrend on this timeframe. $HEI Immediate Support Levels (Where buying pressure is likely to be strongest) $0.1465 (Major Support): This is the most critical level, representing the 24h Low and the recent swing low after the massive price crash. This is the current bottom, and it must hold. A break below $0.1465 would lead to price discovery to the downside, as there are no clear support levels visible on this chart timeframe. 2. Current Consolidation Area (Around $0.1600): While not a major structural level, the current consolidation where the price is trading is attempting to form an immediate support base. This suggests buyers are stepping in at these prices following the crash.
