🐳 $W 4-hour death cross. A few thoughts from the perspective of market positioning:
Bullish momentum lasted for 7 four-hour candles, meaning buyers had been in control up to now, but buying pressure is clearly no longer keeping up. After the rally, quite a few positions are in profit, so keep an eye on whether large investors are reducing their holdings in stages.
What do you think?
#W
Bullish momentum lasted for 7 four-hour candles, meaning buyers had been in control up to now, but buying pressure is clearly no longer keeping up. After the rally, quite a few positions are in profit, so keep an eye on whether large investors are reducing their holdings in stages.
What do you think?
#W