$LSK 4 The hourly chart has just formed a MACD death cross (above the zero line). Before the crossover, the bullish momentum histogram lasted for 33 four-hour candles.
It’s easy to be misled by the crossover alone, so it’s best to check these three things one by one:
① Do the bars keep getting longer after turning negative?
② Is trading volume confirming the move?
③ Will the price hold above the most recent support level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. Is this an opportunity or just noise?
It’s easy to be misled by the crossover alone, so it’s best to check these three things one by one:
① Do the bars keep getting longer after turning negative?
② Is trading volume confirming the move?
③ Will the price hold above the most recent support level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. Is this an opportunity or just noise?
