$FET is up 17%. Ask yourself who is selling it to you at $0.22870.
Price is at 97% of its 24h range.
It just hit its 7-day high at $0.22990.
You’re buying near the absolute top of yesterday’s entire move.
The 1h RSI is 75. That’s overbought.
The 1h ATR is 3%. meaning a normal pullback could drop you 7 cents in an hour.
Volume is 1.2x weekly average. This isn’t a breakout. It’s a sprint to the edge.
Who’s selling? The people who bought at $0.19.
They’re finally getting out. You’re the last one in.
Never buy at 97% of the 24h range.
Open $FET and set an alert at the level.
What’s your rule for avoiding the top gainer trap?
Binance data as of 24 Sep 21:00 UTC.
#FET #TradingTips
Price is at 97% of its 24h range.
It just hit its 7-day high at $0.22990.
You’re buying near the absolute top of yesterday’s entire move.
The 1h RSI is 75. That’s overbought.
The 1h ATR is 3%. meaning a normal pullback could drop you 7 cents in an hour.
Volume is 1.2x weekly average. This isn’t a breakout. It’s a sprint to the edge.
Who’s selling? The people who bought at $0.19.
They’re finally getting out. You’re the last one in.
Never buy at 97% of the 24h range.
Open $FET and set an alert at the level.
What’s your rule for avoiding the top gainer trap?
Binance data as of 24 Sep 21:00 UTC.
#FET #TradingTips