🌞 Update market [09/12] [FHE]. 💵
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📉 Technical Insight:
On the 15-minute timeframe (15m), FHE is showing extremely strong bullish momentum (Parabolic Run), completely breaking the previous accumulation zone. The price is currently far from the Kumo cloud and the Ichimoku indicators, indicating a temporary "imbalance" state between price and the average line.
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☁️ Indicator signals:
The Tenkan-sen line (green) is at 0.0467 and the Kijun-sen line (red) is at 0.0433, acting as important dynamic support zones. Stoch RSI is trading around the 60-70 range, not too hot, but the price being too far from the Tenkan line often leads to a "price pullback" back to support to shake off those chasing buyers (FOMO) before continuing to rise.
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💡 Trading mindset:
In such a steep trend, going Short is "suicide" (standing in front of a train), but going Long at the current price (0.0527) carries a very high risk of short-term peak chasing. The smartest strategy (Smart Money) is to patiently wait for a pullback to the dynamic support of the Tenkan-sen to have the optimal entry point.
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RECOMMENDED POSITION
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📈 LONG LIMIT (Wait to buy when the price corrects)
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🔹 Entry: 0.0465 - 0.0475 (Tenkan-sen support zone and the old peak just broken)
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🔻 Stoploss (SL): 0.0425 (Cut loss if the price breaks through the Kijun-sen line 0.0433, breaking the short-term uptrend)
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🎯 Take Profit (TP):
TP1: 0.0545 - 0.0550 (Re-test the current highest peak)
TP2: 0.0590 - 0.0620 (Extend the upward wave according to Fibonacci)
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This article only suggests market information, not an investment call! #DYOR #NFA $FHE
