$SUI 4 The hourly timeframe has just seen a MACD golden cross (below the zero line), after bearish momentum bars persisted for 9 four-hour candles before the crossover.
It’s easy to misread the signal if you only look at the crossover, so I’ll check three things in order:
① Whether the bars continue to grow after turning positive;
② Whether volume picks up;
③ Whether the price can break above the previous high.
The 4-hour timeframe is more suited to short-term trading, so it’s best to compare it with the daily trend as well. What’s your take at this stage?
#SUI
It’s easy to misread the signal if you only look at the crossover, so I’ll check three things in order:
① Whether the bars continue to grow after turning positive;
② Whether volume picks up;
③ Whether the price can break above the previous high.
The 4-hour timeframe is more suited to short-term trading, so it’s best to compare it with the daily trend as well. What’s your take at this stage?
#SUI