🔥 ARK exploding +14% with 5.75x volume — but RSI is SCREAMING overbought
Arkham just ripped 14% with the biggest volume spike of the day. The momentum is real, but the daily RSI at 84.8 should make every trader nervous.
📊 The Setup:
• Price: $0.1666, surging with conviction
• RSI 4H: 58 — still has room on intraday
• RSI Daily: 84.8 — DEEPLY overbought ⚠️
• Volume: 5.75x average — this is not normal activity
• MACD positive on both timeframes
• Price well above all SMAs — stretched to the upside
🎯 Trade Plan (LONG — momentum play):
Entry: $0.151 - $0.182
Stop Loss: $0.104 (below SMA99 daily, major support)
TP1: $0.188
TP2: $0.193
Confidence: 78%
⚠️ The Catch:
Daily RSI at 84.8 is extreme. Historically, assets at this level either:
1) Continue parabolic (rare, needs sustained volume)
2) Pull back 20-30% before the next leg
This is a momentum trade with TIGHT risk management. The 5.75x volume spike suggests institutional or whale interest — but it also means the easy money has been made.
⚠️ Risk/Reward Warning: R:R is only 0.3x on this setup. The reward per unit of risk is low. Only take this if you are comfortable with aggressive entries.
Would you chase ARK here or wait for a pullback to $0.12?
#ARK #Arkham #DYOR
⚠️ Disclaimer: This is not financial advice. Overbought assets can correct violently. Always do your own research and use stop losses.
Arkham just ripped 14% with the biggest volume spike of the day. The momentum is real, but the daily RSI at 84.8 should make every trader nervous.
📊 The Setup:
• Price: $0.1666, surging with conviction
• RSI 4H: 58 — still has room on intraday
• RSI Daily: 84.8 — DEEPLY overbought ⚠️
• Volume: 5.75x average — this is not normal activity
• MACD positive on both timeframes
• Price well above all SMAs — stretched to the upside
🎯 Trade Plan (LONG — momentum play):
Entry: $0.151 - $0.182
Stop Loss: $0.104 (below SMA99 daily, major support)
TP1: $0.188
TP2: $0.193
Confidence: 78%
⚠️ The Catch:
Daily RSI at 84.8 is extreme. Historically, assets at this level either:
1) Continue parabolic (rare, needs sustained volume)
2) Pull back 20-30% before the next leg
This is a momentum trade with TIGHT risk management. The 5.75x volume spike suggests institutional or whale interest — but it also means the easy money has been made.
⚠️ Risk/Reward Warning: R:R is only 0.3x on this setup. The reward per unit of risk is low. Only take this if you are comfortable with aggressive entries.
Would you chase ARK here or wait for a pullback to $0.12?
#ARK #Arkham #DYOR
⚠️ Disclaimer: This is not financial advice. Overbought assets can correct violently. Always do your own research and use stop losses.