We'll start with the weekly candle as it is the 1st day of the week and the candle had just opened but manage to break out approximately 10,000+ points or pips which is not normal, seemingly because the market is looking to accumulate both buy and sell volumes from breaking out from people who are playing against the market and those who buy out of FOMO. Then after accumulating and clearing enough sell volumes from the market can the price start plummeting to clear off buy volumes accumulated from player's FOMO. The market have always been repeating this kinda pattern from the start, it is the ignorance of us that we don't observe enough to figure the pattern used to manipulate us into buying and selling at certain price points which we thinks are the best spot to enter a position but was manipulated into doing so. So the next thing I would ask of you guys is to try observing the market's manipulation more than you normally would and try to look at the market from another perspective to be able to see the bigger picture.
The daily time-frame shows a big green candle near the All Time High, to buy right now is a taboo as it would be a follow buy order which is what we want to avoid doing as we could lose a hell lot of money if the price choose to do a total pullback and close as a red candle so the only option right now is to sell and see if the price will pullback from close positions before the daily candle's closing time. If the price does pullback to close below the previous candles wick or close as a red candle, that's went we close the position and take profit, but if the price close as a green candle and above previous candle wick, we may wait to see if the market will initiate a reversal at this point because if a reversal is created and then complete, it'll mean that our sell position would be at the topmost wick of the bearish trend.
Same for the 4 hour time-frame as we can only enter a sell position right now and wait for the market to initiate a bearish price action to confirm holding our position. But the best thing to do right now isn't to sell but to wait for a proper spot to enter a buy position as the price action is still bullish and even if the price does plummet a few thousand pips, it is only to thoroughly clear off buy volumes. But if you enter a sell position and the price doesn't drop down to clear volumes again but instead rise further and further and after a while you'll have lost hope of even solving your sell position, so that's why I said before that if the bearish price action isn't complete yet, we'll never look to sell as that would be going against the trend which is what we wanna avoid doing the most.