Just sharing—I've been watching the $OP 4-hour trend for quite a while. The bullish momentum bars dragged on for 6 four-hour candles, and MACD finally formed a death cross just now.
I usually don't act on the candle where the crossover happens. I wait another two or three candles: if the bars keep getting longer to the downside and the price breaks below the recent low, then I consider it confirmed.
Down 3.4% over the past 24 hours. How do you usually use MACD?
#OP
I usually don't act on the candle where the crossover happens. I wait another two or three candles: if the bars keep getting longer to the downside and the price breaks below the recent low, then I consider it confirmed.
Down 3.4% over the past 24 hours. How do you usually use MACD?
#OP