$PUMP 4 A MACD golden cross (below the zero line) has just appeared on the hourly chart. Before the crossover, the bearish momentum histogram lasted for 7 four-hour candles.
It’s easy to misread the signal if you look at the crossover alone, so I’ll check three things in order:
① Do the bars get longer one after another after turning positive?
② Is volume confirming the move?
③ Can the price break above the nearest resistance level?
The 4-hour signal is more short-term, so it should be considered alongside the daily trend. In one sentence, how would you describe your view right now?
It’s easy to misread the signal if you look at the crossover alone, so I’ll check three things in order:
① Do the bars get longer one after another after turning positive?
② Is volume confirming the move?
③ Can the price break above the nearest resistance level?
The 4-hour signal is more short-term, so it should be considered alongside the daily trend. In one sentence, how would you describe your view right now?
