After a sharp sell-off, the price has entered an oversold zone, and the MACD indicator has formed a golden cross at a low level. Although trading volume is currently subdued and caution is needed regarding the sustainability of the rebound, this kind of technical divergence often signals that the downward momentum may be weakening. The bearish forces are slowing down, which is usually a sign of a trend reversal or at least a strong rebound. As long as demand begins to accumulate in this area, the likelihood of an upward correction will greatly increase.
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$FHE Deep oversold condition, MACD signals a potential reversal, indicating that the bearish momentum is slowing down.
Go long now $FHE
Entry: 0.04050 – 0.04150
Stop loss: 0.03950
Take profit 1: 0.04420
Take profit 2: 0.04730
Take profit 3: 0.05000
After a sharp sell-off, the price has entered an oversold zone, and the MACD indicator has formed a golden cross at a low level. Although trading volume is currently subdued and caution is needed regarding the sustainability of the rebound, this kind of technical divergence often signals that the downward momentum may be weakening. The bearish forces are slowing down, which is usually a sign of a trend reversal or at least a strong rebound. As long as demand begins to accumulate in this area, the likelihood of an upward correction will greatly increase.
Trading $FHE opportunities are here 👇