$HEI I Update:
The bounce we were watching is playing out
After tagging the yellow support zone, $HEI has continued to push higher & has now made the MEXC Top Gainers list. 🚀
Price is now approaching the key resistance area around 0.30. This is still the level to watch, as a large short liquidation cluster sits above it
A clean reclaim of that zone could trigger a wave of short liquidations & extend the rally
For now, the relief bounce thesis remains intact unless we see a strong close above 0.30-0.33
The bounce we were watching is playing out
After tagging the yellow support zone, $HEI has continued to push higher & has now made the MEXC Top Gainers list. 🚀
Price is now approaching the key resistance area around 0.30. This is still the level to watch, as a large short liquidation cluster sits above it
A clean reclaim of that zone could trigger a wave of short liquidations & extend the rally
For now, the relief bounce thesis remains intact unless we see a strong close above 0.30-0.33