🚀 $FHE Goes Parabolic: +39% Surge! Is It Too Late to Buy? 🔥
The FHE/USDT pair has absolutely exploded, printing a massive green candle and hitting a new local high of 0.05795. The bulls are in total command, but extreme indicators suggest caution is needed. Here is the 4H breakdown:
🐂 The Bullish Explosion:
Vertical Breakout: The price has launched vertically, leaving the moving averages far behind. It has completely cleared recent resistance levels with conviction.
Volume Spike: The move is supported by a massive surge in buying volume (biggest green bar on the chart), confirming this is a genuine breakout and not just a liquidity grab.
Momentum: The MACD is accelerating upwards with a widening gap between the DIF and DEA lines, showing strong bullish momentum.
⚠️ Critical Warning (RSI Extreme):
RSI at 91.80: Look at the RSI(6) at the bottom left. A reading of 91.80 is incredibly high.
Typically, an RSI > 70 is "overbought." An RSI > 90 indicates extreme euphoria. While prices can go higher, a pullback or consolidation is statistically imminent to cool off these indicators.
🛡️ Trade Setup:
Chasing a vertical green candle is how traders get trapped at the top.
Wait for the Dip: Smart entries are not here. Watch for a retracement to the EMA(7) around 0.04850. This area (previously resistance) may flip to support.
Taking Profits: If you are already long, consider booking some profits here while the RSI is screaming "overheated."
Verdict: The trend is super strong, but the rubber band is stretched too tight. Patience pays.
#FHE
#CryptoPump