Moment of Indecision – Wait for Confirmation

The price has pushed up strongly, breaking through the critical 0.618 Fibonacci level, which now serves as a key support zone. Over the past few days, price action has narrowed, indicating indecision at this level.

Momentum Indicators:

• RSI: Currently overbought at 82.
  
• Stochastic RSI: Also in the overbought territory at 89, with K crossing over D signaling waning buying pressure.
  
• Rate of Change (ROC): Is declining and sitting at 52, reflecting a slowdown in price momentum.
  All momentum indicators suggest that buyers may be losing steam, increasing the likelihood of a correction.
  

Key Levels to Watch:

If buyers can sustain the price above the 0.618 Fibonacci support, bullish momentum might continue.

A daily close below the 0.618 level could signal a breakdown and a potential correction.

Conclusion:
This is a critical moment. With momentum slowing and indecision dominating the chart, it’s essential to wait for confirmation before taking any action.

A breakout or breakdown from this range will provide clarity on the next potential move.