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.
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BearMarketGardener
· 14h ago
An 86% decrease in trading volume and still daring to chase, isn't that a gambler's mentality? I choose to lie flat and watch the show.
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bridgeOops
· 20h ago
Trading volume shrank by 86.5%? That's outrageous, the hype has gone too far.
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BearMarketBuilder
· 20h ago
False fire, for sure. The trading volume is a backstab, this wave will drop.
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TokenomicsShaman
· 20h ago
Trading volume shrank by 86.5%, this is a clear signal to sell. Those chasing the high, wait to be cut.
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RektButSmiling
· 20h ago
This RSI has already soared to 86, and you're still chasing. No wonder you're not losing money.
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.