$HYPE 4 A MACD death cross (below the zero line) has just appeared on the hourly chart. Before the crossover, the bullish momentum histogram lasted for 12 four-hour candles.
It’s easy to misread the signal if you focus only on the crossover, so I’ll check three things in order:
① After the histogram turns negative, does each bar get longer than the last?
② Is volume confirming the move?
③ Will the price break below the previous support level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. Bullish or bearish?
Just sharing some thoughts—don’t take this as advice.
It’s easy to misread the signal if you focus only on the crossover, so I’ll check three things in order:
① After the histogram turns negative, does each bar get longer than the last?
② Is volume confirming the move?
③ Will the price break below the previous support level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. Bullish or bearish?
Just sharing some thoughts—don’t take this as advice.