Distribution Structure on the intraday timeframes.
Huge mark up from accumulation formation, exchange tokens are slowing down whilst money flows into the DEFI sector, majors and midcaps.
I see supply on wide spread after over extended trend, stopping action caused reaction. We had a rally in the form of an upthrust, an ST as a sign of weakness and now have an ability to rally.
Profit taking advised.
Maybe good short oppurnity.