MAVIA's recent surge has indeed been fierce, but a closer look at the candlestick chart makes it clear why I am currently choosing to stay on the sidelines.

In terms of technical analysis, one word sums it up: too fast. The 15-minute RSI has shot up to 83.7, and the hourly chart also shows 73.5. What does this mean? It’s a sign of extreme overbought conditions. Although the 1-hour and 4-hour MACD are still trending upward, trading volume has shrunk by 94%, which is the most dangerous part—the shrinking volume combined with extreme overbought signals suggests a potential pullback at any time.

Let’s look at key price levels. Currently, it’s stuck at the psychological barrier of 0.06, with resistance at 0.062 and 0.065, and support at 0.058 and 0.055. My approach is very simple:

If it breaks through 0.062, I will lightly follow to see if it reaches 0.065, with a stop-loss set at 0.0595. But with such low volume now, chasing the high is a gamble, and the risk is too high.

Conversely, if it falls below 0.058, I will switch to a short position targeting 0.055, with a stop-loss at 0.0605.

**The best current strategy is to wait**. Either wait for it to stabilize after retesting 0.058 before going long, or wait for a confirmed breakout above 0.062 before chasing. It’s that simple. Overbought + shrinking volume combined with chasing is just asking to get trapped; break the level and cut losses immediately—don’t get caught up in emotional trading.