🚨 HEI/USDT: The Bounce is Testing Resistance! Will Momentum Hold?

Market Outlook: HEI has recently shown strong bullish momentum, breaking above previous resistance levels. After a period of sideways consolidation and a downtrend following its all-time high in February 2025, the price has rebounded significantly and is currently testing a new resistance zone around the $0.6466 mark. Trading volume has been strong during this recent ascent, suggesting buying pressure.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed candle close ABOVE the $0.6466 resistance level on a higher timeframe (e.g., 4H or Daily) with strong volume. This would confirm a breakout and likely continuation of the bullish trend.

💰Targets: $0.6700, $0.7000, and potentially higher towards previous resistance levels around $0.7430.

🛑Stop Loss: Below the breakout candle's low or below the $0.5500–$0.5600 support zone.

🟥 Short Entry Trigger: Consider a short if the price shows a strong rejection at the $0.6466 resistance and a confirmed breakdown BELOW the support level of $0.5500 on a higher timeframe. This could indicate the bullish momentum is waning.

💰Targets: $0.5200, $0.4800, and lower if the selling pressure increases.

🛑Stop Loss: Above the high of the rejection candle or above $0.6500.

Your Action Plan:

01 - Wait for Confirmation: Do not rush into a trade. Given the recent strong move, it's crucial to wait for a clear breakout or breakdown confirmation before entering.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential, especially with a volatile asset like HEI, which has experienced significant price swings.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, especially on breakout trades.

📢 What are your thoughts?

Vote: Do you think HEI will break out and continue its rally or be rejected at resistance?

Breakout and Continue Rally!

Rejected and Consolidate/Pullback!

Comment: Share your analysis below!