Fartcoin should retrace, which would be healthy

I am in a short on Fartcoin. Price is above the fresh pwPOC -> highest risk for new longs, biggest opportunity for shorts. Also the last pwProfiles are overlapping which is a sign of a potentially aged trend. The bearish sequence is not active yet, but the foundation that is currently forming would be an amazing confluence for the trade. Also, price did not find acceptance above the pmVAH yet (so far) and this is also a rejection off the pwPOC for a potential FTR, which would lead to lower prices aswell. So this is really no trade or a short. If the current high gets broken, it would destroy a potentially bearish foundation for the sequence and potential for further downside. Then price could start to find acceptance above for bullish continuation. So the current high is the invalidation for this idea. If price would manage to bust through the pwPOC, then we have targets below but it becomes more tricky there. The fresh pwPOC would be the easiest TP and I would take most profits there.

Also: Since the beginning of last week value mostly built lower. Yes, we had aggressive shorts down there but they got squeezed. If this would be a lot more bullish, then value needs to shift to the current upper place. It didn´t so far, which could be an additional confluence.