🐳 $WAL 4-hour death cross. A few thoughts from a position-holder’s perspective:
The bullish momentum histogram lasted for 15 four-hour candles, meaning buyers had the upper hand throughout that period. Chasing the rally now is clearly too late. After a sustained rise, many positions are sitting on unrealized profits, so watch whether large holders use the rebound to reduce their positions.
Follow for timely updates on unusual market moves.
The bullish momentum histogram lasted for 15 four-hour candles, meaning buyers had the upper hand throughout that period. Chasing the rally now is clearly too late. After a sustained rise, many positions are sitting on unrealized profits, so watch whether large holders use the rebound to reduce their positions.
Follow for timely updates on unusual market moves.