🚀 $ARC Goes Vertical (+40%)! RSI Hits 96! 🚨
$ARC has printed a massive "God Candle," smashing through resistance and hitting a high of $0.06880. With the price up +39.81%, the market is in extreme discovery mode. But be careful—indicators are screaming "Overheated."
📊 Technical Analysis (4H Timeframe)
Parabolic Move: The price has gone vertical, trading significantly above all major Moving Averages. The gap between the price ($0.068) and the EMA 7 ($0.056) is massive. In crypto, price eventually "reconnects" with its averages.
Extreme RSI: The RSI(6) is currently at 96.20. This is rare and extremely overbought. While strong trends can stay overbought, a reading this high almost guarantees a cooling-off period or a sharp pullback soon.
Volume: Massive buying volume supports the move, meaning this is a genuine breakout, not a fake-out. However, chasing green candles this late is dangerous.
🎯 Trade Setup
Trying to buy the top here is risky ("FOMO"). The smart play is to wait for the inevitable correction or play the reversal scalp.
Strategy A: The "Dip Catch" (Trend Following) 🟢
Wait for the price to come down to you. Do not chase.
Entry Zone: $0.05800 - $0.06000 (Retest of breakout zone/EMA catch-up).
Take Profit (TP):
TP1: $0.06800 (Retest of highs)
TP2: $0.07500 (Price discovery)
Stop Loss (SL): $0.05500 (Below the EMA 7 support).
Strategy B: The "Reversion" Scalp (Short) 🔴
High Risk! For active traders betting on an RSI cool-down.
Entry: $0.06850 - $0.06900
Take Profit (TP):
TP1: $0.06200
TP2: $0.05700 (EMA 7 touch)
Stop Loss (SL): $0.07150 (Tight stop above potential psychological resistance).
⚠️ Warning:
Volatility is extreme. If you Short, use low leverage. If you Long, wait for the dip.
Disclaimer: Not financial advice. DYOR.
#ARC #Arcusdt