The three-wave structure on the FHE four-hour chart has basically completed, currently in an overbought state, with significant pullback pressure.
From a bullish perspective, you can look for entry opportunities in the 16-17 range, with stop-loss set below 15. This approach aligns with the current trend logic and is relatively safe. Specifically, the first batch can be positioned around 0.165, the second around 0.160, and the third around 0.170. Targets can be set at 0.200, 0.220, and 0.250 respectively.
If you insist on shorting, there is indeed an opportunity around the current price of 20, but be especially cautious—this direction does not align well with the current mainstream trend and is high-risk. For short positions, it is recommended to reduce leverage, with stop-losses at least above 25 to avoid being swept out and wasting the opportunity. Entry points for shorts can be at 0.200, 0.220, and 0.250, with targets at 0.150, 0.130, and 0.100, and stop-losses set between 0.260-0.265.
Overall, the right-side bullish approach is more reliable.
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ImperfectionIsWhatMak
· 5h ago
It's not overbought, it's extremely overbought.
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DeadTrades_Walking
· 6h ago
Speaking of which, the 0.165 level is quite interesting, but I feel like there should be quite a few people entering now.
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LightningSentry
· 6h ago
A long position is prudent, but can we really enter the 16-17 range? It feels like it could break at any time.
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AllInAlice
· 6h ago
Positions at 16-17 are indeed attractive; I'm also waiting. But with such strong overbought conditions now, do you really dare to enter?
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CoconutWaterBoy
· 6h ago
The 16-17 range is indeed tempting, but I'm still a bit worried that the pullback will continue to smash...
This wave of short positions carries too much risk and is easily ambushed by trouble, so better to go with the bulls.
Thinking of going long in overbought conditions? You need to be confident in your stop-loss, brother.
I'm watching the 0.165 level, but I feel like it needs to drop a bit more to feel secure.
The bulls are stable and cautious, but I'm just worried it might be another false breakout...
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CryingOldWallet
· 6h ago
The third wave has completed, and it's overbought. This level is indeed a bit risky... It's still more comfortable to follow the bullish trend; short positions are too easily swept out.
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CryptoWageSlave
· 6h ago
Wait, after the third wave, is it overbought? Why do I feel like it can still continue to surge... Let's try to dip in at 0.165 first, just set a good stop-loss.
The three-wave structure on the FHE four-hour chart has basically completed, currently in an overbought state, with significant pullback pressure.
From a bullish perspective, you can look for entry opportunities in the 16-17 range, with stop-loss set below 15. This approach aligns with the current trend logic and is relatively safe. Specifically, the first batch can be positioned around 0.165, the second around 0.160, and the third around 0.170. Targets can be set at 0.200, 0.220, and 0.250 respectively.
If you insist on shorting, there is indeed an opportunity around the current price of 20, but be especially cautious—this direction does not align well with the current mainstream trend and is high-risk. For short positions, it is recommended to reduce leverage, with stop-losses at least above 25 to avoid being swept out and wasting the opportunity. Entry points for shorts can be at 0.200, 0.220, and 0.250, with targets at 0.150, 0.130, and 0.100, and stop-losses set between 0.260-0.265.
Overall, the right-side bullish approach is more reliable.