$FHEUSTD Crypto โ Short Technical Analysis ๐
Trend:
FHE is in a clear downtrend, forming lower highs and lower lows.
Price is moving below the descending trendline โ bearish structure.
Support & Resistance:
Immediate Support: Near recent lows (weak support zone).
Resistance: Previous breakdown area & trendline above โ strong selling pressure there.
Momentum (RSI):
RSI is below 30, indicating oversold conditions.
This may give a short-term bounce, but not a trend reversal yet.
Volume:
Volume appears weak, meaning buyers are not strong enough to reverse the trend.
Outlook:
Short term: Possible small relief bounce due to oversold RSI.
Overall: Trend remains bearish unless price breaks and holds above resistance with volume.
โ ๏ธ Risky for long-term holding at the moment. Best suited for short-term, high-risk traders only with strict stop-loss.
If you want, I can share:
๐ฏ Exact buy/sell levels
โฑ๏ธ Scalping strategy
๐ Multi-timeframe analysis
