#MarketPullback $HEI Resistance limited the rally – Is a pullback brewing?
HEI is trading at $0.3975, still up +7.64% for the day, but facing noticeable resistance just below the psychological mark of $0.4000. The chart shows repeated failures to break above $0.4020, followed by a slight decline as traders begin to take profits.
Key technical levels
• Resistance: $0.4020 – A breakout here is crucial for bulls to extend the rally to $0.4059 (24-hour high).
• Support: $0.3970 – If this level is breached, short-term pressure may return.
Trading setup – Momentum is fading, watch for a retest
• Bullish breakout: A clean break above $0.4020 could trigger new gains:
• Target 1: $0.4075
• Target 2: $0.4150
• Bearish resistance: If HEI falls below $0.3970, expect a correction:
• Target 1: $0.3910
• Target 2: $0.3840
Volume is still active, but bounces from the upper boundary indicate buyer exhaustion. A breakout or drop from this narrow range will determine the next wave of momentum.
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