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FHE's recent trend is quite interesting. It has fallen 42% over the past six months, and the past three months haven't been much better, with a decline of 12.22%. Such oversold zones are actually prone to rebounds. Today, it rose by 17.70%, finally breaking the previous stalemate of sideways movement.
From a technical perspective, the price has fallen back from the 24-hour high of 0.04919, with a current retracement of about 12.81%. This retracement is still within a controllable range and has not breached key support levels. After a sufficient short-term correction, the technical foundation for a second upward attack is already in place.
If you're interested in going long, you might consider entering the market and placing a stop-loss below 0.04 for safety. Of course, this is just a technical perspective; specific operations should also consider your own risk tolerance.
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As long as the support hasn't broken, I'm willing to buy in. Now let's see if it can take off again later.
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Wait, is there really someone stopping loss at 0.04? I need to take a good look at the technicals.
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Rebounds are rebounds, but don't forget why it dropped so much earlier. Be careful not to get caught again.
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I thought something was going on when it surged 17% just now. Turns out it was an oversold rebound, a routine move.