FHE’s price action on the 4-hour chart reveals a falling wedge pattern, a bullish setup often preceding sharp reversals in low-cap altcoins. The token is trading at $0.00000079, with the wedge’s upper trendline near $0.00000085 and support at $0.00000070. Falling wedges typically form during consolidation after a downtrend, and FHE’s declining volume within the pattern supports this thesis. The Bollinger Bands are contracting, indicating low volatility and a potential breakout.A breakout above $0.00000085, confirmed by a 4-hour close and a volume spike, could propel
FHE to $0.0000016, a 100% gain, aligning with the pattern’s measured target (wedge height projected upward). The MACD is showing early signs of bullish convergence, with the signal line flattening below zero. However, low liquidity (24-hour volume ~$0) increases the risk of whipsaws, and a false breakout could see prices drop to $0.00000060. Sentiment for low-cap tokens is cautious, but a broader altcoin rally could catalyze FHE’s move.Actionable Insight:
Enter long on a confirmed breakout above $0.00000085 with volume. Target $0.0000016, with a stop-loss below $0.00000070. Monitor Bitcoin’s trend, as altcoins often follow BTC’s lead. Check MEXC’s order book for liquidity before trading.
Chart Setup:
Timeframe: 4-hour
Indicators: Bollinger Bands, MACD, Volume
Levels: Support ($0.00000070), Resistance ($0.00000085, $0.0000016)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.