$FHE The current daily RSI has dropped to 99.4! This basically means the spring has been pulled into outer space and may face a 'violent correction' at any moment.
1. Are whales 'passing the ball'?
Hidden in the data is a big secret: the large account long-short ratio is only 0.34, indicating that most large holders are bearish; however, the position volume long-short ratio is as high as 1.43.
To translate: the vast majority are retreating or shorting, with only a very small number of 'super whales' locking in positions to drive the price up. For such a highly controlled coin, once the operators loosen their grip, it can flash crash.
When facing such a 'meme coin', chasing the price is like delivering takeout to the operators. We need to leverage its strong volatility and play with both buy and sell orders.
⚠️ Note: This coin's volatility is outrageous, with leverage up to 5 times; using 20% of the principal is sufficient, and do not go all in!
1️⃣ High position order (short): 0.22400 USDT
Strategy: Hold at the highest point in 24 hours. As long as it does not break the new high, we will stick it out.
Take profit: 0.19000 USDT (return to the moving average)
Stop loss: 0.24800 USDT
2️⃣ Low position 'catch needle' order (long): 0.18200 USDT
Strategy: Prevent whales from crashing the market with a spike, pick up bargains at daily support levels.
Take profit: 0.21800 USDT
Stop loss: 0.16000 USDT (safety level, must run if it breaks)
💡 Key points:
Currently, at the RSI 99 position, anyone chasing the price is a bag holder. As long as the short orders are placed, time will be your friend. If the fee drops below 0.01%, it indicates that the heat has dissipated, so remember to withdraw at that time.
Do you think FHE can reach the sky, or do you think the whales are about to start 'harvesting'? Let's discuss in the comments; don’t suffer in silence!#FHE $FHE
