🐳 $Lobster has formed a 4-hour death cross. A couple of thoughts from a holder’s perspective:
The bullish momentum histogram has printed 8 consecutive 4-hour candles, meaning buyers had been in control, but those chasing the rally are now starting to lose steam. It’s below the zero line, and the rebound failed to take hold before weakening again. Those buying the dip should be cautious.
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The bullish momentum histogram has printed 8 consecutive 4-hour candles, meaning buyers had been in control, but those chasing the rally are now starting to lose steam. It’s below the zero line, and the rebound failed to take hold before weakening again. Those buying the dip should be cautious.
If you found this helpful, please give it a like 👍