NFA, DYOR.
We have reached the supply zone (red box).
Price is highly overbought on all timeframes, correction is what we all expect, to track new buyers to push price more upside.
I would take some profits here (not closing the full position if I bought somewhere below).
I would not be a buyer here right now.
We have divergence on RSI, visible on Daily and 4H timeframe.
Ideally, backing to an area around 1350-1400$ would be great for buying the dip if we get there, (previous resistance from range+retest of broken trendline)
Stay safe.
We have reached the supply zone (red box).
Price is highly overbought on all timeframes, correction is what we all expect, to track new buyers to push price more upside.
I would take some profits here (not closing the full position if I bought somewhere below).
I would not be a buyer here right now.
We have divergence on RSI, visible on Daily and 4H timeframe.
Ideally, backing to an area around 1350-1400$ would be great for buying the dip if we get there, (previous resistance from range+retest of broken trendline)
Stay safe.