A short squeeze like this is healthy for $FHE because it removes weak shorts and allows the market to stabilize after an extended down move. The $2.8875K short liquidation at $0.03187 is part of this natural correction — not a reversal, just a reset that can build a stronger base.
I’m watching this zone closely because price is testing an area that previously acted as support during past swings. It also aligns with a key retracement level where buyers stepped in before. If this level holds, it becomes a reliable foundation for the next move up.
Trade Setup (My Plan):
Entry Zone: $0.0317 – $0.0319
Target 1: $0.0332
Target 2: $0.0345
Stop Loss: $0.0312
They’re building strength quietly, and if this zone holds, $FHE could continue its recovery. I’ll watch how price behaves here before taking the next step.
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FHEUSDT
Perp
0.03247
-16.05%