Today's market-watching musings: The MACD on the $PUMP 4-hour timeframe forms a golden cross below the zero line.
When the fast and slow lines meet, my hands immediately start itching to trade—but luckily, I checked what it means first.
Seriously though, the same MACD settings mean different things on different timeframes: crossovers happen frequently on shorter timeframes and less often on longer ones, but carry more weight.
Extreme readings often signal more intense volatility. At times like these, it's wiser to reduce your position size rather than add to it.
When the fast and slow lines meet, my hands immediately start itching to trade—but luckily, I checked what it means first.
Seriously though, the same MACD settings mean different things on different timeframes: crossovers happen frequently on shorter timeframes and less often on longer ones, but carry more weight.
Extreme readings often signal more intense volatility. At times like these, it's wiser to reduce your position size rather than add to it.