IRYSUSDT is currently in a very awkward position.

From a technical perspective, the 1-hour and 4-hour RSI have already surged above 79, indicating a serious overbought condition. The 15-minute RSI is a bit better, around 66, but that doesn't really indicate any problem. What truly warrants caution is — the trading volume has shrunk by over 96%. No one is following the rally, how long can such a rise last?

The price is now stuck near the psychological level of 0.04. The resistance levels above are at 0.041 and 0.0425, while the support levels below are at 0.039 and 0.037.

What’s the strategy? If it breaks below 0.041, I wouldn’t chase the rally, because at that point, it’s time to wait for a correction. Once it falls below 0.039, consider a light short position, targeting 0.037, with a stop-loss set at 0.0415. But at the current price, the most prudent choice is to stay on the sidelines — continuing to go long is just too risky.

After all, the divergence between volume and price is evident, and the overbought signals are flashing brightly. Entering the market to gamble on probabilities is simply not worth it.