๐จ $FHE IS BLEEDING ๐ฌ๐ซ
That 0.08 level got destroyed ๐ฅ
Now price sitting near 0.046 ๐ฌ
๐ Bounce or more downside?
Donโt get caught chasing
FHE just gave us a clear bearish signal on the 4H chart.
๐ป What happened?
Price broke below the key support at 0.0800 (highlighted level). This level had been holding structure, and once it cracked, we saw a strong impulsive dump.
๐ Current situation:
Price now sitting around 0.046
Down ~12% on the move shown
Momentum is clearly bearish
No strong support until lower levels
โ ๏ธ What this means:
That red line was a critical demand zone
Once lost โ it flipped into resistance
Any bounce toward 0.07โ0.08 could get rejected
๐ Possible scenarios:
1๏ธโฃ Bearish continuation
If price stays below 0.08 โ expect further downside or consolidation before next leg
2๏ธโฃ Dead cat bounce
Short-term bounce likely, but watch for rejection at previous support
3๏ธโฃ Reclaim = strength
Only if price reclaims 0.08+ with volume, we can talk about reversal
๐ก Trading mindset:
Donโt chase dumps
Wait for retests or confirmations
Structure > emotions
$FHE
#fhe