🐳 $CT 4-hour golden cross. A quick look from the perspective of chip distribution:
The bearish momentum histogram has lasted for 12 consecutive 4-hour candles, indicating that bears had been in control. Now, selling pressure has finally started to wane. However, the indicator is still below the zero line, and many positions above are still underwater. A rebound into the previous high-volume trading zone may encounter selling from traders looking to break even.
Keep an eye on it—I’ll share any unusual moves promptly.
The bearish momentum histogram has lasted for 12 consecutive 4-hour candles, indicating that bears had been in control. Now, selling pressure has finally started to wane. However, the indicator is still below the zero line, and many positions above are still underwater. A rebound into the previous high-volume trading zone may encounter selling from traders looking to break even.
Keep an eye on it—I’ll share any unusual moves promptly.