TA shows a typical overbought signal near 0.0500. Looking closely at multiple timeframes makes it clear.

On the 15-minute chart, the RSI is only 68.7, indicating short-term sentiment is starting to cool down, but the most striking thing is the volume shrinking by 95.5%—showing that those chasing the rally are hesitant. In comparison, the 1-hour RSI has surged to 80.5, and although the MACD bars are contracting, they are still upward, indicating the bulls still have strength. On the 4-hour timeframe, the situation becomes a bit alarming—RSI skyrocketed to 86.2, which is a serious overbought signal, and the larger trend faces a strong correction risk.

From a positional perspective, 0.0500 is a psychological level. The targets above are 0.0510 and 0.0520, while support levels below are 0.0485 and 0.0460.

My plan is simple: do nothing for now. If it breaks above 0.0510, I will try a small long position, aiming for 0.0520, with a stop-loss at 0.0495. If it falls below 0.0485, then reverse the operation—go short targeting 0.0460, with a stop-loss at 0.0505. But within the range of 0.0485 to 0.0510, I choose to observe.

Why so cautious? The extreme overbought condition on the 4-hour chart combined with dried-up volume makes chasing the high too risky. Better to wait for a clearer signal than get caught in this position.