FET/USDT's recent trend is interesting. Multiple timeframes have triggered overbought warning signals — the 1-hour RSI surged to 81, the 4-hour even more exaggerated at 84, while the 15-minute RSI remains at 68, appearing relatively mild. At first glance, it seems ready to take off, but the problem is: the 1-hour MACD histogram is shrinking, and trading volume has even decreased by 73.5%, indicating that fewer people are chasing the high, and the momentum is insufficient.

Looking at the technical position:
Currently stuck at the 0.29 resistance level. Above that, there are two more hurdles at 0.295 and 0.305. Support levels below are at 0.285 and 0.275.

My strategy is this — if the price really breaks through 0.295, I will follow with a light position, aiming for 0.305, but set a stop-loss at 0.288 to prevent unexpected moves. Conversely, if it falls below 0.285, I will switch to shorting, targeting 0.275, with a stop-loss at 0.292. As for the price oscillating between 0.285 and 0.295, I choose to observe and not rush into trades.

The current situation is actually quite awkward; overbought conditions are real, and volume is declining. Chasing the risk at this point is too dangerous. I prefer to wait for a breakout to act, letting the price tell us what the real direction is.