"Overbought conditions" refers to a situation in the financial market where a particular asset or security, such as a stock or currency, has seen a rapid increase in its price or value. This rise may be considered excessive or higher than its actual worth. It suggests that many investors have bought the asset, possibly driven by emotions or speculation, causing its price to surge. It could indicate that the asset is now at a higher risk of experiencing a price correction or a decline in value.
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