🐳 $PUMP 4-hour death cross. A couple of thoughts from a position-holder’s perspective:
The bullish momentum bars lasted for 9 four-hour candles, meaning buyers had been consistently in control. Now, there’s clearly little strength behind chasing the rally. The indicator is below the zero line, and the price has weakened again before the rebound could take shape. Those buying the dip should be cautious.
What do you think?
#PUMP
The bullish momentum bars lasted for 9 four-hour candles, meaning buyers had been consistently in control. Now, there’s clearly little strength behind chasing the rally. The indicator is below the zero line, and the price has weakened again before the rebound could take shape. Those buying the dip should be cautious.
What do you think?
#PUMP