Objectively speaking, I’ve been watching the $MAGIC 4-hour chart for quite a while. The bullish momentum bars lasted for 11 four-hour candles, and MACD has finally formed a death cross.
I personally avoid trading on the candle where the crossover happens and wait for a few more candles: I take it seriously only if the bars keep extending downward and the price breaks below a recent low.
Down 20.12% over the past 24 hours. How do you usually use MACD?
#MAGIC
There’s a lot of volatility, so use leverage responsibly.
I personally avoid trading on the candle where the crossover happens and wait for a few more candles: I take it seriously only if the bars keep extending downward and the price breaks below a recent low.
Down 20.12% over the past 24 hours. How do you usually use MACD?
#MAGIC
There’s a lot of volatility, so use leverage responsibly.