đĽ FF pumped 24.6% and the volume chart looks like a skyscraper â 2x normal. But RSI at 87 should make you nervous.
Here's my honest take on this one:
đ The Picture:
⢠Price at $0.1509, riding above SMA7 ($0.1369) and SMA25 ($0.1233)
⢠RSI 4H: 87, Daily: 84.8 â BOTH deeply overbought
⢠Volume: 2.02x average with surging pattern â real buying pressure
⢠MACD positive and expanding on both timeframes
⢠Price is 2x above SMA99 daily ($0.0747) â massive deviation from mean
đŻ Why This Trade:
Despite the scary RSI readings, FF shows genuine momentum with volume confirmation. The daily structure is parabolic â price above all MAs with expanding MACD. But at RSI 87, I'm only taking this trade with tight risk management and a clear exit plan. This is a momentum scalp, not a swing trade.
đ Trade Plan (LONG â momentum only):
⢠Entry: $0.1481 - $0.1537 (only on dips, never market buy at highs)
⢠Stop Loss: $0.1397 (below recent consolidation low)
⢠TP1: $0.1569 | TP2: $0.1629 | TP3: $0.1690
⢠Confidence: 92% (but position size reduced due to overbought conditions)
⥠The math: RSI > 85 historically leads to 5-15% pullbacks within 24-48h. Scale out aggressively at TP1 and TP2.
Would you touch a coin at RSI 87? Brave or crazy? đ
#FF #CryptoMomentum #DYOR
â ď¸ Not financial advice. Crypto is volatile â always manage risk and DYOR.
Here's my honest take on this one:
đ The Picture:
⢠Price at $0.1509, riding above SMA7 ($0.1369) and SMA25 ($0.1233)
⢠RSI 4H: 87, Daily: 84.8 â BOTH deeply overbought
⢠Volume: 2.02x average with surging pattern â real buying pressure
⢠MACD positive and expanding on both timeframes
⢠Price is 2x above SMA99 daily ($0.0747) â massive deviation from mean
đŻ Why This Trade:
Despite the scary RSI readings, FF shows genuine momentum with volume confirmation. The daily structure is parabolic â price above all MAs with expanding MACD. But at RSI 87, I'm only taking this trade with tight risk management and a clear exit plan. This is a momentum scalp, not a swing trade.
đ Trade Plan (LONG â momentum only):
⢠Entry: $0.1481 - $0.1537 (only on dips, never market buy at highs)
⢠Stop Loss: $0.1397 (below recent consolidation low)
⢠TP1: $0.1569 | TP2: $0.1629 | TP3: $0.1690
⢠Confidence: 92% (but position size reduced due to overbought conditions)
⥠The math: RSI > 85 historically leads to 5-15% pullbacks within 24-48h. Scale out aggressively at TP1 and TP2.
Would you touch a coin at RSI 87? Brave or crazy? đ
#FF #CryptoMomentum #DYOR
â ď¸ Not financial advice. Crypto is volatile â always manage risk and DYOR.