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FARTCOIN(FARTCOINUSDT) Recently performed aggressively, with a single-day increase of 18%, but technical indicators reveal hidden risks.
Currently, RSI has surged to 88, and the J value has soared to 110. What does this data clearly indicate? The market has entered a serious overbought zone. The price repeatedly tests the key resistance level at 0.4636 but fails to break through. This high-level volume contraction often signals an imminent reversal.
Many traders believe that the logic behind the market maker's high-level rally is straightforward—after accumulating enough buy orders, a sharp drop will follow. From a technical perspective, a bearish opportunity has already formed.
**Key reference levels:**
- First target: 0.42 (retest the first support)
- Second target: 0.37 (possible retracement)
- Stop-loss reference: 0.468 (exit before the breakout high)
Please do your own research before making any trading decisions; the market is always unpredictable.