$HEI /USDT based on the latest data:
$HEI /USDT TECHNICAL ANALYSIS — BULLISH MOMENTUM GAINING TRACTION
Current Price: 0.5956 USDT (Rs168.65)
24h Change: +38.51%
24h High: 0.6245 USDT
24h Low: 0.4039 USDT
24h Volume: 80.63M HEI / 42.71M USDT
Key Levels:
Support:
Immediate support around 0.5746 USDT
Stronger support near 0.5566 USDT
Critical support at 0.5386 USDT
Resistance:
Near-term resistance at 0.6245 USDT (24h high)
Next resistance level around 0.6286 USDT
Indicator Overview:
MA / EMA: Price above key moving averages, confirming bullish strength.
Bollinger Bands: Price near upper band, signaling strong buying pressure.
Parabolic SAR: Below price, supporting ongoing upward trend.
Volume: High trading volume backing the recent price surge, confirming strong market interest.
Trade Setup:
Long Entry:
Entry near current levels around 0.59-0.60 USDT or on a pullback to 0.57-0.58 USDT support.
Targets:
TP1: 0.6245 USDT
TP2: 0.65 USDT on breakout above 0.6286 USDT
Stop Loss: Below 0.5566 USDT to manage downside risk.
Risk Management:
Use stop loss to protect against sharp reversals.
Manage position size carefully given volatility.
Consider partial profit-taking near resistance levels to lock in gains.
Summary:
$HEI/USDT is in a strong uptrend backed by volume and technical indicators. Key resistance at 0.6245-0.6286 USDT is crucial; a breakout here could open doors for further gains. Maintain disciplined risk management for the best outcome.
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