Chart Notes｜$SOL ｜4-hour MACD｜Bearish crossover below the zero line
Definition: MACD was developed by Gerald Appel in the 1970s. Its commonly used settings are 12, 26, and 9. It uses the difference between two fast and slow EMAs to track price momentum.
How to read it: A crossover by itself is just a signal. Whether the price can break through a key support level and whether trading volume confirms the move are often used for further validation.
All indicators merely summarize past market movements; prices can certainly move in the opposite direction.
#SOL
It’s your own money—think it through before you act.
Definition: MACD was developed by Gerald Appel in the 1970s. Its commonly used settings are 12, 26, and 9. It uses the difference between two fast and slow EMAs to track price momentum.
How to read it: A crossover by itself is just a signal. Whether the price can break through a key support level and whether trading volume confirms the move are often used for further validation.
All indicators merely summarize past market movements; prices can certainly move in the opposite direction.
#SOL
It’s your own money—think it through before you act.