$FHE experienced a panic sell-off after a massive drop, but the high open interest suggests this is a typical long position liquidation rather than major players distributing their holdings.
🎯Direction: Long
🎯Entry: 0.118 - 0.122
🛑Stop Loss: 0.110 (Rigid Stop Loss)
🚀Target 1: 0.145
🚀Target 2: 0.160
$FHE's 22% single-day drop accompanied by a trading volume of 144 million, with OI remaining at 115 million without a significant decline, is a classic example of a futures long position liquidation. Buying interest emerged in the key support zone of 0.118-0.122, and LTF has formed a bullish divergence. Market sentiment has shifted from panic to calm, and this healthy reset provides fuel for a subsequent rebound.
Trade here 👇$FHE
{future}(FHEUSDT)
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