1. Have we reached overbought conditions? 2. Will we enter a sideways phase before continuing the upward movement? 3. Will the price begin a correction after the last rise?
In my view, the loss of momentum is evident with the distorted shape of some candles on the 15-minute timeframe, signaling that the buying pressure is likely fading. Additionally, the formation of the latest Higher Highs (HH) and Lower Highs (LH) suggests the potential for a sideways range, allowing time for distribution before a corrective move, followed by a continuation of the upward trend.
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