At the most recent peak region, the RsiSE signal appeared quite clearly, right at the moment the price touched the old distribution area. Immediately after, the structure did not expand but shifted to a halt. The RSI bounced back but weaker than the previous uptrend, failing to maintain its slope. This indicates that the buying pressure is not strong enough to continue the trend.
The short-bodied green candles with many upper wicks reflect selling behavior as the price rises. The current uptrend is mainly a bounce from RsiLE at the previous bottom, more of an RSI correction than a new trend formation. Most importantly, the structure remains within the adjustment frame, not breaking the critical resistance area. Shorting during this bounce at this level carries probability, while going long will have to accept going against price behavior.
