$TAO 4 The hourly chart has just formed a MACD death cross (below the zero line). Before the crossover, bullish momentum bars lasted for 11 consecutive 4-hour candles.
It’s easy to misread the signal if you focus only on the crossover. It’s best to check these three things one by one:
① Do the bars continue to grow after turning negative?
② Is trading volume confirming the move?
③ Will the price break below the previous low?
4-hour signals move quickly, so it’s best to compare them with the daily trend. Are you bullish or bearish in the short term?
It’s easy to misread the signal if you focus only on the crossover. It’s best to check these three things one by one:
① Do the bars continue to grow after turning negative?
② Is trading volume confirming the move?
③ Will the price break below the previous low?
4-hour signals move quickly, so it’s best to compare them with the daily trend. Are you bullish or bearish in the short term?