🐳 $LINK 4-hour golden cross. Let’s take a look from the perspective of the chip distribution:
The bearish momentum histogram has continued for 20 consecutive 4-hour candles, meaning sellers have been in control during this period. Now, selling pressure is starting to ease. However, the crossover is below the zero line, and there are still plenty of trapped holders above. If the rebound reaches the previous high-volume trading zone, it could run into selling from people looking to break even.
Leave your thoughts in the comments, and we’ll review it together later.
Just my personal opinion—don’t take it too seriously.
The bearish momentum histogram has continued for 20 consecutive 4-hour candles, meaning sellers have been in control during this period. Now, selling pressure is starting to ease. However, the crossover is below the zero line, and there are still plenty of trapped holders above. If the rebound reaches the previous high-volume trading zone, it could run into selling from people looking to break even.
Leave your thoughts in the comments, and we’ll review it together later.
Just my personal opinion—don’t take it too seriously.