$FHE entered a high-level consolidation after a single-day surge of 35%, which is a typical healthy reset after a short squeeze, rather than a top.
🎯 Direction: Go long
🎯 Entry: 0.1220 - 0.1235
🛑 Stop loss: 0.1170 (below the previous 4H candle body low, rigid stop loss)
🚀 Target 1: 0.1350
🚀 Target 2: 0.1480
Market analysis: The price surged after breaking the previous high of 0.107, and the current 4H candle is consolidating with reduced volume, indicating a strong characteristic. All key data points to a continuation of the short squeeze: funding rate is only 0.0198% (not overheated), open interest (OI) is stable at a high of 82 million USD (shorts have not exited), and the buy order depth (Bids) is thicker than sell orders (Asks) by 48%, showing strong support below.
Hard logic: The price is firmly above EMA20 (0.1017), and RSI (67.55) has healthily pulled back from the overbought zone, preparing for a second upward attack. The 50% Fibonacci retracement level of the surge candle (0.107->0.126) coincides with the dense buy order area, forming strong support. Market logic indicates "institutional entry or short squeeze", combined with data, this is a typical continuation of a short squeeze market, as institutions are washing out floating positions, preparing for a second surge. It is strictly forbidden to short against the trend under this structure.
Trade here 👇$FHE
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