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#FHE đ FHE (Mind Network) 1-HOUR TRADE SETUP: Extreme Oversold Alert! đš
Hey everyone! We've done the deep dive on FHE. The data shows this coin is in a deep, long-term downtrend, trading way below its key averages. The RSI is flashing extremely oversold (under 25), but the volume is low, suggesting that any reversal is not confirmed yet. For the next hour, we need to trade cautiously based on two confirmed levels. đ§
Our overall bias remains bearish, but we must watch for a strong relief bounce!
LONG Setup (Bounce Play) âŹïž:
A break and sustained hold above the nearest significant resistance at **$0.0175** would signal a short-term relief rally and a LONG entry.
* **Entry:** $0.0177
* **Target 1:** $0.0185 (Quick profit-take zone)
* **Stop Loss:** $0.0170 (Tight stop-loss below the breakout point)
SHORT Setup (Trend Continuation) âŹïž:
If FHE fails to hold the current daily low and breaks below the critical support, the bearish trend will continue.
* **Entry:** $0.0143 (Break and hold below $0.0145)
* **Target 1:** $0.0135 (Next major psychological level)
* **Stop Loss:** $0.0155 (Tight stop-loss above the breakdown point)
Remember, volume is the key here. If volume doesn't follow the move, exit quickly. Trade smart! đ§
#MindNetwork #1hourtrade #CryptoSignalsyurt #BearishTrend #RiskManagement đ§
$MOODENG $FHE
$PIVX