đ FF is up 11.3% with daily RSI at 84.9 â overbought city. So why am I still watching this?
Because the daily MACD histogram just turned positive at +0.0015, and when momentum indicators cross bullish while the trend is already strong, you often get a second leg. The question is timing.
đ The Setup:
FF at $0.0999, blasting through its SMA7 ($0.0853) and SMA25 ($0.0704) on the daily. Volume is 2.83x average â genuine buying interest, not just a wick. L/S ratio at 1.24 shows longs are dominant, which is both fuel and risk (crowded trade).
The 4H RSI at 70.3 has room before it hits extreme overbought (80+). Price is consolidating just below $0.10 psychological resistance. A clean break above could trigger a run toward $0.11.
đŻ Trade Plan:
Entry: $0.0969 - $0.103 (buy the consolidation)
Stop Loss: $0.108 (above current price â wide stop for volatility)
TP1: $0.104 | TP2: $0.108 | TP3: $0.112
â ïž The R:R of 0.5 is poor. This is a momentum play where you need to be RIGHT more than you need great odds. Not for everyone.
đ§ Overbought can stay overbought for days. Are you buying strength or fading this move?
#FF #CryptoTrading #DYOR
â ïž Disclaimer: This analysis reflects personal opinions only. Not financial advice. Trade responsibly and manage your risk.
Because the daily MACD histogram just turned positive at +0.0015, and when momentum indicators cross bullish while the trend is already strong, you often get a second leg. The question is timing.
đ The Setup:
FF at $0.0999, blasting through its SMA7 ($0.0853) and SMA25 ($0.0704) on the daily. Volume is 2.83x average â genuine buying interest, not just a wick. L/S ratio at 1.24 shows longs are dominant, which is both fuel and risk (crowded trade).
The 4H RSI at 70.3 has room before it hits extreme overbought (80+). Price is consolidating just below $0.10 psychological resistance. A clean break above could trigger a run toward $0.11.
đŻ Trade Plan:
Entry: $0.0969 - $0.103 (buy the consolidation)
Stop Loss: $0.108 (above current price â wide stop for volatility)
TP1: $0.104 | TP2: $0.108 | TP3: $0.112
â ïž The R:R of 0.5 is poor. This is a momentum play where you need to be RIGHT more than you need great odds. Not for everyone.
đ§ Overbought can stay overbought for days. Are you buying strength or fading this move?
#FF #CryptoTrading #DYOR
â ïž Disclaimer: This analysis reflects personal opinions only. Not financial advice. Trade responsibly and manage your risk.