In the deep oversold zone, traders are temporarily taking profits as the price shows a technical rebound. However, the overall structure remains firmly controlled by the bears, with moving average systems forming strong resistance. This rebound seems more like a correction to the previous sharp decline rather than a trend reversal. Market liquidity feels heavy, and selling pressure could resurface at any time, which usually favors the continuation of the downtrend.
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Phoenix
· 02-12 11:28
I predict he's about to make a big push.
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Phoenix
· 02-12 11:27
Do you think the trend that everyone knows about will occur?
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GateUser-0f4acc33
· 02-12 11:06
There's no need to say it if everyone already knows.
$FHE shows signs of a rebound after a deep decline, but the upward momentum appears fragile.
Short $FHE immediately
Entry: 0.070 – 0.074
Stop Loss: 0.078
First Target: 0.057
Second Target: 0.050
Third Target: 0.045
In the deep oversold zone, traders are temporarily taking profits as the price shows a technical rebound. However, the overall structure remains firmly controlled by the bears, with moving average systems forming strong resistance. This rebound seems more like a correction to the previous sharp decline rather than a trend reversal. Market liquidity feels heavy, and selling pressure could resurface at any time, which usually favors the continuation of the downtrend.
Trade $FHE here 👇