🐳 $LSK Daily-chart golden cross. Let’s take a look from the perspective of someone holding a position:
The bearish momentum bars have continued for 37 daily candles, meaning sellers had been in control for some time. Now, selling pressure has finally eased. But the price is still below the zero line, and there are plenty of underwater positions above, so a rebound may run into selling from investors looking to break even near the previous high-volume trading zone.
Feel free to add any details you’ve noticed.
The bearish momentum bars have continued for 37 daily candles, meaning sellers had been in control for some time. Now, selling pressure has finally eased. But the price is still below the zero line, and there are plenty of underwater positions above, so a rebound may run into selling from investors looking to break even near the previous high-volume trading zone.
Feel free to add any details you’ve noticed.
