The upward momentum hasn't stopped; coin $HEI continues to shatter expectations and is rapidly climbing to new heights. Here's the current analytical scene after the recent surge to $0.108:
Current Scenario (What's happening?):
Excessive buying momentum: We see the price completely breaking out of the moving averages, indicating that we're in a strong "FOMO" buying wave.
Order book imbalance: With the price reaching these levels, we observe a density of sell walls in the $0.109 area and above, reflecting significant psychological and technical resistance.
Technical divergence: The current price is too far from the moving averages (MA7, MA25), which is technically known as "price extension," and this divergence often precedes a "technical correction" to catch the market's breath before any further climb.
How do we deal with this scenario?
Rule of "Don't chase the price": Buying at these peaks (after a rise of over 90%) carries very high risk, as the likelihood of a quick correction (Flash Dump) increases with each green candlestick.
Profit-taking strategy: For those who entered at previous levels, now is the time to secure profits or raise the trailing stop-loss to protect gains.
Waiting for a retest: The safest scenario for new traders is to wait for the price to stabilize or for a pullback to retest previous support levels (towards the $0.090 area) to confirm their strength as a new launchpad.
Current Scenario (What's happening?):
Excessive buying momentum: We see the price completely breaking out of the moving averages, indicating that we're in a strong "FOMO" buying wave.
Order book imbalance: With the price reaching these levels, we observe a density of sell walls in the $0.109 area and above, reflecting significant psychological and technical resistance.
Technical divergence: The current price is too far from the moving averages (MA7, MA25), which is technically known as "price extension," and this divergence often precedes a "technical correction" to catch the market's breath before any further climb.
How do we deal with this scenario?
Rule of "Don't chase the price": Buying at these peaks (after a rise of over 90%) carries very high risk, as the likelihood of a quick correction (Flash Dump) increases with each green candlestick.
Profit-taking strategy: For those who entered at previous levels, now is the time to secure profits or raise the trailing stop-loss to protect gains.
Waiting for a retest: The safest scenario for new traders is to wait for the price to stabilize or for a pullback to retest previous support levels (towards the $0.090 area) to confirm their strength as a new launchpad.