$XPL 4-hour bearish crossover. A couple of thoughts from a position-holding perspective:
Bullish momentum bars have continued for 10 consecutive 4-hour candles, which means buyers were in control before, but buying pressure is now clearly failing to keep up. After a sustained rise, many holders are sitting on profits, so watch whether the whales use the rebound to reduce their positions.
What indicators do you usually watch?
#XPL
Bullish momentum bars have continued for 10 consecutive 4-hour candles, which means buyers were in control before, but buying pressure is now clearly failing to keep up. After a sustained rise, many holders are sitting on profits, so watch whether the whales use the rebound to reduce their positions.
What indicators do you usually watch?
#XPL
