According to the technical analysis of the image, it appears that the price has reached an overbought area, as indicated by the rising Relative Strength Index (RSI) while the Japanese candlesticks continue to show strong buying pressure with some volatility (the appearance of an upper shadow indicates temporary resistance). The MACD indicator also supports the upward trend, but the overbought condition may raise the likelihood of a short-term correction.
Advice:
• If you already own the asset, it may be wise to sell part of your positions to secure profits, especially if you notice signs of momentum weakness or convergence of corrective indicators.
• If you intend to enter a buy trade, it is better to wait for a price correction towards the key support levels shown in the chart before entering.
• It is recommended to use appropriate stop-loss orders to ensure capital protection in case the market moves against your expectations.
This strategy helps you reduce risks and take advantage of short-term price movements while holding positions to benefit from the overall upward trend.