FARTCOIN's recent rebound looks quite suspicious of a pump-and-dump scheme. The 1-hour K-line surged to 0.4299 but quickly reversed, now dropping to 0.3998, breaking through the key moving averages MA5 (0.4103), MA10 (0.4070), and MA20 (0.4034).

The technical indicators are also not optimistic—RSI(6) is only 42.7060, indicating a weak zone; the MACD histogram's increasing red bars are narrowing, with DIF(0.0010) crossing above DEA(0.0007), showing a clear decline in momentum. Based on the candlestick pattern and trading volume, the main force is likely pushing the price up to sell off, with considerable selling pressure.

At the current price of 0.3998, you can directly open a short position, with a stop-loss above the previous high of 0.4299. The lower targets are twofold: first at 0.3887 (24-hour low), and if it falls further, 0.3781 is a previous low that should provide some support.

For trend-following orders, it’s recommended to hold firmly. Short-term traders should reduce positions gradually at these support levels. Be alert for the main force using a weak rebound as a false breakout to reverse and smash the market; once the key support is broken, caution is advised.