2026-01-09 16:28:17

FET's recent surge is quite interesting. The four-hour chart just touched the previous high of 0.2977, but failed to hold steady and instead started to face selling pressure and pull back. I took a close look at the indicators, and the RSI has already soared to 77.7446, firmly in the overbought zone, and the MACD red histogram shows no significant increase, indicating a lack of momentum. These are typical signs of the main players pushing the price up to distribute.

From the current price of 0.2920, opening a short position directly is more reasonable, with the stop-loss set above the previous high of 0.2977. The first target is 0.2800, and if that breaks, then look at 0.2700. For trend traders, hold firmly and avoid reckless moves. Short-term traders aiming to buy at support must keep positions light and trade quickly in and out, absolutely avoiding giving the main players a chance to dump and distribute. Once this overbought condition loosens, the downward speed could be quite fierce.

FET-0.56%

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AltcoinTherapist

· 14h ago

It's the same old trick again, RSI soaring to 77 and still wanting more? The big players have already had a good laugh haha FET is really going to crash this time, see you at 0.28 Oh my, such obvious overbought conditions and people still chase the high, this is the self-cultivation of retail investors If it can't break 0.2977, just go short. Who believes that is foolish It's always like this, the ones who end up holding the bag at high prices are always us Can you buy the dip at 0.27, everyone? Or will it keep falling Watch the indicators speak, don’t listen to those mouthy streamers, FET still has to fall

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BearMarketMonk

· 14h ago

It's the same old trick again—when RSI soars, they call it overbought. I think sooner or later it'll get hammered down. Whether FET can break through this time is really hard to say; I've heard too many stories of the main players offloading. Hold on to what you believe in, don't let these analyses numb your judgment.

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Ser_This_Is_A_Casino

· 14h ago

It's the same old trick again. RSI is soaring so high, and you still want more? The main force is about to dump, brother. FET didn't stabilize this time, so be careful. When it crashes down, it's really fierce. Hold onto your short positions, don't be reckless. You'll be laughing when it hits 0.28. Getting fooled by the main force again, huh? Serves you right. Trade with small positions, enter and exit quickly, or you'll suffer heavy losses. This wave's main force tactics are so old-fashioned, it's really outrageous that people are still taking the bait. Set your stop-loss properly, or you'll be wiped out.

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StableGenius

· 14h ago

nah this RSI reading screams textbook distribution... whales know exactly what they're doing, tbh. watching FET reject that 0.2977 level was *chef's kiss* predictable if you actually understand market structure.

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ser_aped.eth

· 14h ago

Another round of dump tricks, I can see through this routine of the main players with my eyes closed. It's ridiculous that RSI77 isn't broken; just take a gamble and go short.

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HalfPositionRunner

· 14h ago

I am a natural skeptic. Those who keep touting a bullish trend while the RSI hits 77 should be cautious. Having been trapped before, I understand this principle: overbought is overbought, and the big players have already laid their traps.

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