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FHE/USDT this round of movement is quite interesting. The 1-hour and 4-hour RSI have respectively surged to 81 and 89, indicating a highly overbought condition, but the 15-minute RSI remains at 64, so short-term sentiment hasn't fully overheated yet. The problem is—trading volume suddenly shrank by 93.8%, which is very dangerous.
The data is in front of us: the current price is stuck at the psychological level of 0.07, with resistance levels at 0.072 and 0.075 above, and support levels at 0.068 and 0.065 below. From a technical perspective, the overall trend is indeed strong, but what is this strength based on? It’s built on exhausted trading volume, which doesn’t seem right.
My judgment? Wait and see, let the market first establish a direction.
If volume increases and breaks through 0.072, then go long, targeting 0.075, with a stop loss at 0.070. But the prerequisite is that volume must support this move. If it reverses and falls below 0.068, then go short, targeting 0.065, with a stop loss at 0.071. For the range between 0.068 and 0.072, I choose to stay put—waiting is the best option.
The current situation is: the 1-hour and 4-hour RSI have little room to rise, forcing a chase on the high is just gambling on illusions. Breakouts are the key principle.