$SOL 4-hour chart shows a MACD golden cross below the zero line.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A golden cross below the zero line indicates that bearish momentum is fading during a downtrend. Essentially, it is a rebound signal, and its confirmation is weaker than that of a golden cross above the zero line. Only when the DIF rises back above the zero line can the trend be considered to have strengthened.
Once a signal appears, setting a stop-loss is more important than guessing the direction.
#SOL
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A golden cross below the zero line indicates that bearish momentum is fading during a downtrend. Essentially, it is a rebound signal, and its confirmation is weaker than that of a golden cross above the zero line. Only when the DIF rises back above the zero line can the trend be considered to have strengthened.
Once a signal appears, setting a stop-loss is more important than guessing the direction.
#SOL