$ARIA ARIAUSDT perp - Breaking Out of the Box, But RSI Is Already Overheated
Price now 0.25924, up 35.67 percent. High 0.26583, Low 0.18963. Vol 69.45M USDT, huge.
4-Hour Chart #ARIAUSDT : From a low of 0.10980, price exploded to a peak of 0.32384. After that, it got slammed back down to 0.10980 again, then slowly climbed to the 0.24036 box.
Now price $ARIA has just broken out of the box to the upside at 0.25924. This is a real breakout, not a fakeout. But RSI is 79.40043, very overbought, so a slight correction first is a risk.
Levels $ARIA :
Resistance 0.26583 - 0.32384
Support 0.24036 - 0.19328
#ARIAUSDT Don't chase a Long at 0.25924. Wait for it to break 0.26583 before joining, or wait for it to pull back to 0.24036 and bounce. If it breaks below 0.24036, don't force a Long.
Price now 0.25924, up 35.67 percent. High 0.26583, Low 0.18963. Vol 69.45M USDT, huge.
4-Hour Chart #ARIAUSDT : From a low of 0.10980, price exploded to a peak of 0.32384. After that, it got slammed back down to 0.10980 again, then slowly climbed to the 0.24036 box.
Now price $ARIA has just broken out of the box to the upside at 0.25924. This is a real breakout, not a fakeout. But RSI is 79.40043, very overbought, so a slight correction first is a risk.
Levels $ARIA :
Resistance 0.26583 - 0.32384
Support 0.24036 - 0.19328
#ARIAUSDT Don't chase a Long at 0.25924. Wait for it to break 0.26583 before joining, or wait for it to pull back to 0.24036 and bounce. If it breaks below 0.24036, don't force a Long.
