#FHE FHE this wave of market is approaching the weekly high resistance level, but technical signals indicate danger. The RSI indicator has soared to 81.3, entering the extremely overbought zone. Look at this K-line, almost a straight upward surge, combined with recent rare massive trading volume, which is a typical pattern of main funds hunting liquidity 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.

Open a short at 0.16 directly, don’t hesitate.