$BNB A MACD golden cross has just appeared on the daily chart (below the zero line). Before the crossover, bearish momentum bars continued for 29 daily candles.
It’s easy to misread the signal if you focus only on the crossover. I recommend checking these three things one by one:
① Do the bars keep growing after turning positive?
② Is volume confirming the move?
③ Can the price break above the most recent high?
A crossover on the daily chart carries more weight, but it also takes longer to confirm. What would you do if the trend reverses afterward?
It’s easy to misread the signal if you focus only on the crossover. I recommend checking these three things one by one:
① Do the bars keep growing after turning positive?
② Is volume confirming the move?
③ Can the price break above the most recent high?
A crossover on the daily chart carries more weight, but it also takes longer to confirm. What would you do if the trend reverses afterward?