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【$FHE Signal】Pullback after multiple 4H Bollinger Band breakout
$FHE RSI 79.7, funding rate 0.0475%, selling pressure dominance. 1H MACD bullish expansion but diminishing momentum, 4H Bollinger upper band at 0.0506 has been pierced, current price at 0.0537 close to target. Waiting for a pullback near 0.0430 (1H EMA20) to go long.
🎯Direction: Long (pullback order)
⚡Entry: 0.0430 (taken from suggested entry zone)
🛑Stop loss: 0.0274
🚀Target 1: 0.0538
🚀Target 2: 0.0540
🛡️Trade management: Reduce 50% of position at Target 1 and move stop loss to entry price; if price falls back to entry, close to break even.
This kind of pullback after a sharp rally is a common trading tactic; risk-reward ratio should be reasonably controlled. Continuous volume increase on 4H, stable open interest, and high funding rate suggest crowded bulls, indicating a short-term pullback is needed. 1H RSI has fallen from overbought territory, waiting for confirmation of support near 0.0430.
Check real-time market 👇 $FHE
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