$TAO 4 A MACD death cross just appeared on the 4-hour timeframe, below the zero line. Before the crossover, the bullish momentum histogram lasted for 12 four-hour candles.
It’s easy to misread the signal if you look at the crossover alone. I suggest checking these three things one by one:
① Did the bars continue to grow after turning negative?
② Was it accompanied by volume?
③ Could the price break below the nearest support level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. In one sentence, what’s your take right now?
It’s easy to misread the signal if you look at the crossover alone. I suggest checking these three things one by one:
① Did the bars continue to grow after turning negative?
② Was it accompanied by volume?
③ Could the price break below the nearest support level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. In one sentence, what’s your take right now?