【$FHE Signal】Long | Short squeeze continues, deep imbalance support

$FHE After a single-day surge of 30%, it consolidates strongly at high levels, indicating a typical short squeeze continuation rather than a top.

🎯Direction: Long

🎯Entry: 0.128 - 0.130 (4H candlestick real body support zone)

🛑Stop loss: 0.1185 (Break below yesterday’s volume breakout point, rigid stop loss)

🚀Target 1: 0.148 (Fibonacci 1.618 extension level)

🚀Target 2: 0.165 (Previous high resistance zone on daily chart)

Market analysis: Price has stabilized above EMA20 (0.1072) and deviated significantly, confirming a strong trend. Key data reveals the essence of the short squeeze: Although the funding rate is positive (0.0388%), its absolute value is not high. Open interest (OI) remains stable at a high level of 81.25 million, indicating that shorts have not surrendered on a large scale, and the short squeeze fuel is still present.

Hardcore logic: Deep imbalance reaches 29.9%, buy order depth (Bids) is 1.85 times the sell order (Asks), showing strong institutional buy support below, making it difficult for the price to fall sharply. The 4H RSI (71.48) is in overbought territory but fails in a short squeeze scenario. Combined with the buy/sell ratio rising from 0.48 to 0.57, indicating buying power is still strengthening.

Price is consolidating at the top of yesterday’s volume-up candle, indicating healthy reset with no selling pressure. ATR is 0.0094, making stop loss placement reasonable, with a risk-reward ratio >2.5. The strategy is to wait for a minor retracement to key support levels to go long, follow the trend, and avoid short positions.

Trade here 👇 $FHE

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