🐳 $DOGE 4-hour golden cross. Let’s take a look from a position-holder’s perspective:
The bearish momentum histogram has lasted for 10 consecutive 4-hour candles, showing that sellers have been in control during this period. Now selling pressure is starting to ease. But the crossover is below the zero line, and there’s plenty of trapped supply overhead, so a rebound into the previous high-volume area could run into selling from investors looking to break even.
Share your thoughts in the comments 👇
The bearish momentum histogram has lasted for 10 consecutive 4-hour candles, showing that sellers have been in control during this period. Now selling pressure is starting to ease. But the crossover is below the zero line, and there’s plenty of trapped supply overhead, so a rebound into the previous high-volume area could run into selling from investors looking to break even.
Share your thoughts in the comments 👇