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Recently, the performance of $FHE in the cryptocurrency market has indeed attracted attention. Amidst a significant surge in trading volume, this coin has experienced a clear breakout in price, accompanied by a simultaneous spike in open interest—what does this usually indicate?
From a technical perspective, this looks more like a signal of institutional-level main force positioning rather than a panic rally caused by short sellers. Why do we make this judgment? It's simple: after the breakout, there was no panic selling; instead, strong buying capacity was observed. The combination of rising price and volume along with increasing open interest logically confirms the sustainability of the bullish momentum.
From a trading standpoint, the current consolidation pattern is part of a healthy post-breakout correction:
- Entry zone: 0.195-0.205
- Stop-loss setting: 0.175 (strictly enforced)
- Upward target 1: 0.245
- Upward target 2: 0.285
The key point to observe is that as long as the support level is not broken, the upward momentum is likely to continue. This price behavior combined with changes in open interest often provides traders with relatively clear basis for making trading decisions.