IRYS/USDT is currently stuck at the psychological level of 0.05, and there is an interesting divergence in the technical indicators.

On the 15-minute chart, the RSI is only at 68, which is not too extreme. But on the 1-hour and 4-hour charts, it's a different story — RSI has surged to 80.7 and 85.8 respectively, firmly in the overbought zone. What's more painful is that the trading volume behind this rally has already shrunk by 95.8%, indicating a clear decrease in participants.

Looking at the price levels, there are resistance levels at 0.0515 and 0.053 above, and support zones at 0.0485 and 0.046 below. The current position at 0.05 is actually an awkward waiting zone.

**My strategy is this:** Either wait for it to break below 0.0485, then I will try to short with a target of 0.046 and a stop-loss at 0.0495; or if it can break through 0.0515 with volume, I will take a small long position aiming for 0.053.

But for now? Just observe and wait. With the 1-hour and 4-hour charts so overbought, plus the declining volume, the risk of chasing the high at this stage is too great. Let's wait and see; the market will eventually give a direction.