$PUMP 4 hours: The MACD formed a golden cross below the zero line, after 29 consecutive opposite-direction histogram bars.
People post about golden and death crosses every day; what matters is where the cross occurs and what the trend was beforehand.
The same MACD settings can mean quite different things across timeframes: crosses occur more often on shorter timeframes and less often on daily charts, but they carry more weight there.
Many people compare multiple timeframes: when the larger timeframe’s trend remains unchanged, an opposite cross on a shorter timeframe is often just a correction or a minor rebound.
It’s much more reliable to calculate your position size based on where you’ll place your stop-loss than to guess.
Just sharing some thoughts—make your own decisions about buying and selling.
People post about golden and death crosses every day; what matters is where the cross occurs and what the trend was beforehand.
The same MACD settings can mean quite different things across timeframes: crosses occur more often on shorter timeframes and less often on daily charts, but they carry more weight there.
Many people compare multiple timeframes: when the larger timeframe’s trend remains unchanged, an opposite cross on a shorter timeframe is often just a correction or a minor rebound.
It’s much more reliable to calculate your position size based on where you’ll place your stop-loss than to guess.
Just sharing some thoughts—make your own decisions about buying and selling.