$DOGE 4 The hourly chart has just seen a MACD golden cross (below the zero line). Before the crossover, the bearish momentum histogram lasted for 15 four-hour candles.
It’s easy to misread the signal if you look only at the crossover. I recommend checking these three things one by one:
① Does the histogram keep growing after turning positive?
② Is volume confirming the move?
③ Can the price break above the nearest resistance level?
The four-hour chart moves quickly, so it’s best to consider it alongside the daily trend. What signals do you look for before making a move?
It’s easy to misread the signal if you look only at the crossover. I recommend checking these three things one by one:
① Does the histogram keep growing after turning positive?
② Is volume confirming the move?
③ Can the price break above the nearest resistance level?
The four-hour chart moves quickly, so it’s best to consider it alongside the daily trend. What signals do you look for before making a move?