A friend just asked me: “The MACD has formed a golden cross on the $BNB 4-hour chart. Is it time to enter?”
I gave him three straight answers:
1. This is a golden cross below the zero line, so it’s a rebound signal—and not as strong as one above the zero line.
2. MACD lags, so by the time the crossover appears, the price has already made a move.
3. Don’t look at this indicator alone; consider trading volume, support, and resistance together.
After hearing me out, he said, “So after all that, I still have to make the call myself.” Exactly. Indicators are just there to give you a heads-up.
#BNB
I gave him three straight answers:
1. This is a golden cross below the zero line, so it’s a rebound signal—and not as strong as one above the zero line.
2. MACD lags, so by the time the crossover appears, the price has already made a move.
3. Don’t look at this indicator alone; consider trading volume, support, and resistance together.
After hearing me out, he said, “So after all that, I still have to make the call myself.” Exactly. Indicators are just there to give you a heads-up.
#BNB