$PUMP 4 A MACD death cross has just appeared on the hourly chart (below the zero line). Before the crossover, the bullish momentum histogram lasted for 8 four-hour candles.
It’s easy to misread the signal if you look at the crossover alone, so I’ll check these three things in order:
① After the histogram turns negative, do the bars get longer one by one?
② Is volume confirming the move?
③ Has the price broken below the previous support level?
The four-hour chart moves quickly, so be sure to compare it with the daily trend. What’s your reason for going long or short?
Follow the rhythm: don’t chase highs or miss the move. Chain News, the lookout before the breakout.
#PUMP
It’s easy to misread the signal if you look at the crossover alone, so I’ll check these three things in order:
① After the histogram turns negative, do the bars get longer one by one?
② Is volume confirming the move?
③ Has the price broken below the previous support level?
The four-hour chart moves quickly, so be sure to compare it with the daily trend. What’s your reason for going long or short?
Follow the rhythm: don’t chase highs or miss the move. Chain News, the lookout before the breakout.
#PUMP
