Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Looking at the recent trend of FHE(FHEUSDT), I suddenly recalled the performance pattern of hit songs on streaming platforms.
When a new song is released, data often skyrockets in the first few days. But truly successful hits are not sustained by initial hype alone; they depend on whether the heat can be maintained—if the trading volume crashes in the second week, it basically signals the end of the "false fire."
FHE now has a similar vibe. It has risen 48% in 24 hours and seems to be on a high. But a closer look at the chart reveals interesting details: the 4-hour RSI has already soared to 85.8 (a sign of severe overbought conditions), yet the 1-hour trading volume has shrunk by 86.5%. The rally is fierce, but the follow-through is lacking—this is a typical case of "pioneers gone, successors absent."
At the current level of 0.15 USDT, the short-term risk of chasing the high is indeed significant. My strategy is as follows:
**If you want to short**: Wait until the price breaks below the 0.138 support on the 1-hour chart, and RSI drops below 50 before considering an entry. Place the stop-loss above 0.152, with the first target at 0.125, and further down at 0.118.
**If you want to go long**: Don't rush. Wait until it retraces to the 0.128-0.132 zone, and look for volume-supported rebound signals before acting; otherwise, just watch the chart without trading.
A truly resilient market needs time and volume to prove itself. A few hours of frenzy won't change the bigger picture.