🚨 $FHE
at RSI 99: Gravity Defying Pump or Imminent Crash?
The $FHE train has officially left the station and gone nuclear. We are looking at the 4-Hour chart, and the price has vertically climbed to 0.10239, putting in a +43% gain for the day.
But if you are thinking of "Market Buying" right now, look at the bottom of the chart first.
📊 1. The "RSI 99" Warning
The Indicator: The RSI(6) is currently reading 98.61.
What this means: This is not just "overbought"; this is mathematical exhaustion. An RSI near 100 means almost every recent candle has been green. In 99% of cases, the market must pull back to let buyers reload.
The Gap: The price (0.102) is miles away from the nearest support at the Yellow EMA 7 (0.0877). Markets hate gaps like this. Expect price and EMA to reconnect soon (either price drops, or price moves sideways).
📉 2. The Rejection Wick
We already see a "Blow-Off Top" signal. The price hit 0.11580 and was immediately slapped down, leaving a long upper wick. This shows that big whales are taking profits at 0.115.
🎯 Trade Setup: The "Rubber Band" Snap
The rubber band is stretched too far.
View: Bearish Pullback (Short Term) / Bullish Re-Entry (Medium Term).
⛔ Danger Zone (Do Not Buy): 0.1020 - 0.1150.
Why? Buying here is chasing. You are likely providing "exit liquidity" for early buyers.
📉 Short Scalp (High Risk):
Entry: 0.1050 (Resistance Retest).
Target: 0.0880 (EMA 7 Reconnect).
Stop: 0.1160 (New High).
🛡️ The "Smart" Buy Zone: 0.08770.
Why? This is the Yellow EMA 7 line. Smart money will wait for the price to crash back to this level to enter for the next wave.
💡 Trader's Note:
I traded this earlier at 0.086. It hurts to see it go higher without me, but never regret taking profit. Entering now with RSI at 99 is gambling, not trading. Wait for the dust to settle!
Disclaimer: Extreme Volatility. This is technical analysis, not financial advice.
#FHE #cryptopump #RSIStrategy