FRAX experienced a sharp surge within 24 hours, rising by 38%, but there are many risk signals hidden behind this. The RSI indicator has already soared to 90.66, what does this number mean? The market has entered an extremely overbought zone.

From a candlestick perspective, the price is climbing along various moving averages, and the MACD has also formed a golden cross with continued volume increase. The data looks impressive, but such a rapid rally is often unsustainable—a waterfall correction could happen at any time.

The key issue is that the current price of 1.1220 is already far from the bottom. The risk of chasing the high is not worth bearing; a more prudent approach is to wait. Specifically, it would be safer to consider entering only after FRAX pulls back to the MA5 support level. Time will not cause you to miss the opportunity; rushing to buy early is the biggest waste.