FARTCOIN's recent performance has indeed been exaggerated — RSI soared to 86 within just one hour, and the price also sharply diverged from the moving average. It looks like hot money is entering quite aggressively.
However, such rapid increases often carry significant risks. An RSI above 80 is basically in overbought territory, indicating that the short-term rally has become quite extreme. Once this wave of enthusiasm cools down and profit-taking surges, it can be quite fierce, and the selling pressure may catch people off guard.
Currently, the price is at 0.4566. If you want to participate in this trend, you need to manage your risks carefully. Rapidly rising assets also imply a high possibility of quick retracements. It is recommended to pay attention to the support levels of the moving averages and not be blinded by the high-level prosperity.
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BridgeJumper
· 01-09 03:27
RSI86 this wave is really outrageous, skyrocketing so rapidly on the hourly chart, probably about to cause a dump.
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MetaMasked
· 01-06 05:51
RSI86 so fast? Sounds like a signal to dump the market.
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Another one-hour surge pattern, I really don't believe this wave can hold.
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0.4566 feels like a position for a sucker, I'll wait for a pullback before making any moves.
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Always the same, rapid rise and rapid fall, just let the chopping happen.
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Such obvious overbought conditions, what are all these people rushing for? Where's the risk management?
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Hot money is fierce, but it also needs to be fierce when coming down. Looks uncomfortable.
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The moving averages are already far behind, the risk is indeed quite high this time.
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Once profit-taking starts, it'll probably be a corpse. I'm staying on the sidelines.
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FARTCOIN is playing the same game again, such a fast pace, really can't hold on.
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Stop, stop. For this kind of rapid rise, I’d rather wait for a pullback than chase high.
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CryptoMom
· 01-06 05:50
RSI 86, this is really the signal to crash. My old mother is already trembling with fear.
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NFTregretter
· 01-06 05:31
RSI86 is really scary. If this wave crashes down, it would be so embarrassing.
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TokenDustCollector
· 01-06 05:29
RSI86 at this level is indeed a bit fierce. I see many people are attracted by this wave of enthusiasm, but when it crashes down, no one can escape.
FARTCOIN's recent performance has indeed been exaggerated — RSI soared to 86 within just one hour, and the price also sharply diverged from the moving average. It looks like hot money is entering quite aggressively.
However, such rapid increases often carry significant risks. An RSI above 80 is basically in overbought territory, indicating that the short-term rally has become quite extreme. Once this wave of enthusiasm cools down and profit-taking surges, it can be quite fierce, and the selling pressure may catch people off guard.
Currently, the price is at 0.4566. If you want to participate in this trend, you need to manage your risks carefully. Rapidly rising assets also imply a high possibility of quick retracements. It is recommended to pay attention to the support levels of the moving averages and not be blinded by the high-level prosperity.