Based on the HEI/USDC chart:
Trade Setup (Short-Term)
• Entry Point: $0.5300 - $0.5360 (near MA 7 support)
• Take Profit (TP):
• TP1: $0.5550 (previous high)
• TP2: $0.5620 - $0.5650 (potential breakout level)
• Stop Loss (SL): $0.5200 (below recent support)
• Risk-Reward Ratio: ~2:1 (depending on exact entry/exit)
Analysis:
• Price is consolidating after a strong upward move.
• MA(7) is acting as dynamic support.
• Volume is declining, suggesting a possible breakout or pullback.
• If $0.5550 is broken with volume, a strong rally could follow.#HEI #bullish #profit