$DOGE 4-hour death cross. A couple of thoughts from a chip-distribution perspective:
The bullish momentum histogram lasted for 17 four-hour candlesticks, meaning buyers had been consistently in control. Now, chasing the rally is clearly losing steam. The crossover is below the zero line, and the market weakened again before the rebound could take shape. Anyone looking to buy the dip will need patience.
Got thoughts? Leave a comment and let’s talk.
#DOGE
The bullish momentum histogram lasted for 17 four-hour candlesticks, meaning buyers had been consistently in control. Now, chasing the rally is clearly losing steam. The crossover is below the zero line, and the market weakened again before the rebound could take shape. Anyone looking to buy the dip will need patience.
Got thoughts? Leave a comment and let’s talk.
#DOGE