2026-01-17 17:25:15

FHE is approaching the weekly resistance at the all-time high, but technical signals indicate danger. The RSI indicator has already surged to 81.3, entering the extremely overbought zone. Look at this candlestick, almost a straight line rally, combined with recent rare massive trading volume, which is a typical pattern of main funds conducting liquidity hunts when market sentiment is high.

The price is so far away from the moving average system that, according to market rules, a correction is inevitable. Currently, chasing long positions at this level is clearly not cost-effective, with a poor risk-reward ratio. Once the momentum exhausts, a shorting opportunity will arise. The area near the previous high is an ideal entry point for short positions. Just wait and see.

FHE29,38%

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Layer2Observer

· 7h ago

RSI 81.3 indeed indicates overbought conditions, but I have to say... an interesting discovery is that historically, assets like FHE that break new highs often continue to rise, whereas there are more cases of "smart money" being slapped in the face when shorting at high levels. Let's look at the data; the massive trading volume itself may also indicate genuine demand in this wave, not just a routine trick.

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PebbleHander

· 7h ago

Here we go again with this pattern? A straight-up surge and then shouting about hunting. I think this is just pure FOMO buying.

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rekt_but_vibing

· 7h ago

81.3 RSI is still chasing, have you lost your mind haha --- A straight-up surge so fierce, it will definitely pull back eventually. Now is the right time to be short --- I see through the main force's hunting tactics, just waiting to buy the dip --- So far from the moving average, I bet it will crash. If you don’t believe it, let’s see --- Massive volume combined with a straight line, this signal is too obvious. I’ll just hold a short position --- Don’t chase the high anymore, brothers. The risk is worse than trash --- RSI is overbought, and some still want to go long? Show off --- This is the most comfortable position to short, waiting to pick up bargains --- The price is so outrageous, a pullback is just a matter of time --- Once the main force has drained the blood, they will run. We play along with the bears

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RetroHodler91

· 7h ago

RSI81.3 I think this is just the main force accumulating, the tactic is too old. Massive straight-line surge, a correction is bound to come sooner or later. Chasing highs is suicide, I’d rather wait and see. Going short directly? Wake up, buddy, that’s ridiculous. The moving averages are so far apart that I’m a bit scared, I need to stay calm. The previous high area is too risky, I’m not playing.

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