Should I go long or short on FHE? How to deal with market manipulators.
Core Data Summary
Price Volatility: Over 58% increase within 24 hours, peaking at 0.10663, bottoming at 0.05881, current price fluctuating around $0.093.
Active Trading Volume: 1.1 billion FHE traded in 24 hours, with nearly 100 million USDT in transaction value, ample liquidity but extremely high volatility risk.
Technical Indicator Signals:
MA Moving Averages: MA7 (0.0873) supports the short-term trend, but MA25/MA99 has no data, long-term trend unclear.
RSI(6) 58.5: Approaching overbought but not overheated, still has short-term upward momentum.
Buying Ratio 78%: Retail investor sentiment is extremely bullish, but may be a signal of manipulation by market makers.
Funding Rate Positive (0.0365%): Bulls need to pay fees, indicating an overheated market and increased risk of correction.
Market Manipulation Possibility Analysis ("Market Maker" Factors)
Pump Characteristics:
Short-term surge of over 58% + high trading volume, consistent with a market maker's rapid accumulation followed by a pump.
Buy orders concentrated in the 0.0928-0.0931 range (6th chart), potentially creating a false impression of support.
Selling Risk:
If the price cannot break the previous high of $0.10663, it may form a "double top" reversal pattern.
Positive funding rate and strong retail buying sentiment suggest market makers may take the opportunity to sell off.
Operational Strategy Recommendations
Plan A: Cautiously go long (high risk)
Conditions to go long:
Price stabilizes above 0.093 and breaks through 0.096 (previous high resistance area).
RSI(6) not exceeding 70, MACD golden cross confirmed.
Stop Loss: $0.087 (break below MA7 support).
Take Profit: $0.105 (exit in batches near previous high).
Plan B: Ambush on short position (extremely high risk, need to confirm signals)
Conditions to go short:
Price breaks below $0.090 and RSI shows divergence (new price high but RSI not at new high).
Funding rate turns negative or trading volume drops sharply.
Stop Loss: $0.096 (stop loss if breaking previous high).
Take Profit: $0.070 (retracement to 50% of the increase).
Risk Warning
Leverage kept within 5x: Avoid high leverage liquidation.
Beware of spike events: Market makers might use liquidity to create sudden drops/rises.
Conclusion: Short-term trend is bullish but the risk is extremely high, recommend light positions to try going long (5% position), stop loss at 0.087; if the price drops below 0.090 and RSI diverges, consider trying a short position. The actions of market makers are the biggest variable, need to monitor depth and large order transactions in real-time.
If profitable, remember to share half with me 😂
