I am watching this one closely.
$FHE
has pumped 19.85% to $0.02415. The move is solid.
The price is now approaching $0.0245, which is a resistance level from earlier this month. The buyers who got in at $0.0201 are sitting on 20% profit. They are going to start taking profits soon. The volume is decent, but I am noticing that the buying pressure is starting to fade. Historically, when FHE has seen 19%+ pumps, the average pullback has been around 15-20%. If sellers step in, $0.0200-$0.0210 is a realistic target.
Trading Plan:
· Entry: $0.0235 - $0.0241
· SL: $0.0250
· TP1: $0.0220
· TP2: $0.0205
· TP3: $0.0190
What is your perspective on this one?
$FHE
has pumped 19.85% to $0.02415. The move is solid.
The price is now approaching $0.0245, which is a resistance level from earlier this month. The buyers who got in at $0.0201 are sitting on 20% profit. They are going to start taking profits soon. The volume is decent, but I am noticing that the buying pressure is starting to fade. Historically, when FHE has seen 19%+ pumps, the average pullback has been around 15-20%. If sellers step in, $0.0200-$0.0210 is a realistic target.
Trading Plan:
· Entry: $0.0235 - $0.0241
· SL: $0.0250
· TP1: $0.0220
· TP2: $0.0205
· TP3: $0.0190
What is your perspective on this one?