$ARC price has shot up to 0.0797.
In the 30-minute timeframe, the cost-effectiveness of chasing highs is extremely low.
The RSI has already peaked at 81.49.
Short-term momentum has completely entered the overbought zone.
🚨 Note that the price deviation from the moving average has exceeded 17%.
The current moving average is around 0.0680.
Although the volume has expanded nearly 5 times.
It's tough for the bullish structure to maintain its deviation after accelerating.
🔥 Continuing to chase prices at this level is like catching the last wave.
The key now is to watch the 0.0680 observation level.
As long as it doesn't break on a pullback, the trend isn't broken yet.
🛑 At this point, the risk-reward ratio for forcing a position is poor.
The invalidation level references the current price plus 1.5%.
In this accelerated market, getting carried away emotionally is the worst move.
First, see if the selling pressure at 0.0797 can be digested.
Wait until this wave of overbought momentum is released before making decisions.
Keep an eye on the support strength of the moving average pullback.
Don't blindly gamble in this high price zone.
⚠️ Technical analysis is for reference only and does not constitute investment advice
#BTC #ETH $BTC $ETH
In the 30-minute timeframe, the cost-effectiveness of chasing highs is extremely low.
The RSI has already peaked at 81.49.
Short-term momentum has completely entered the overbought zone.
🚨 Note that the price deviation from the moving average has exceeded 17%.
The current moving average is around 0.0680.
Although the volume has expanded nearly 5 times.
It's tough for the bullish structure to maintain its deviation after accelerating.
🔥 Continuing to chase prices at this level is like catching the last wave.
The key now is to watch the 0.0680 observation level.
As long as it doesn't break on a pullback, the trend isn't broken yet.
🛑 At this point, the risk-reward ratio for forcing a position is poor.
The invalidation level references the current price plus 1.5%.
In this accelerated market, getting carried away emotionally is the worst move.
First, see if the selling pressure at 0.0797 can be digested.
Wait until this wave of overbought momentum is released before making decisions.
Keep an eye on the support strength of the moving average pullback.
Don't blindly gamble in this high price zone.
⚠️ Technical analysis is for reference only and does not constitute investment advice
#BTC #ETH $BTC $ETH