đł $ADA 4-hour golden crossâsome thoughts from the perspective of chip distribution:
The bearish momentum bars have continued for 18 consecutive 4-hour candles, suggesting that sellers had been in control, but selling pressure is now starting to ease. However, the crossover is below the zero line, and there are still plenty of trapped holders overhead, so a rebound into the previous high-volume trading area could encounter selling pressure from people looking to break even.
What would you do in this situation?
The data is from public sources. Please verify it independently.
The bearish momentum bars have continued for 18 consecutive 4-hour candles, suggesting that sellers had been in control, but selling pressure is now starting to ease. However, the crossover is below the zero line, and there are still plenty of trapped holders overhead, so a rebound into the previous high-volume trading area could encounter selling pressure from people looking to break even.
What would you do in this situation?
The data is from public sources. Please verify it independently.