$AIO 4-hour death cross. A couple of thoughts from a position-holder’s perspective:
The bullish momentum histogram has lasted for 15 consecutive 4-hour candles, which means buyers had been in control before, but buying pressure is now clearly failing to keep up. After a sustained rise, there are plenty of holders sitting on profits, so watch whether major players use a rebound to reduce their positions.
What data do you usually pay attention to?
I can be wrong too, so don’t take this as advice.
The bullish momentum histogram has lasted for 15 consecutive 4-hour candles, which means buyers had been in control before, but buying pressure is now clearly failing to keep up. After a sustained rise, there are plenty of holders sitting on profits, so watch whether major players use a rebound to reduce their positions.
What data do you usually pay attention to?
I can be wrong too, so don’t take this as advice.
