🐳 $PAXG 4-hour bearish crossover. A couple of thoughts from a position-holder’s perspective:
The bullish momentum histogram lasted for 27 four-hour candles, meaning buyers had been in control up to now, but buying pressure is clearly weakening. After the rally, many holders are sitting on profits, so watch whether big money uses the rebound to reduce its positions.
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The bullish momentum histogram lasted for 27 four-hour candles, meaning buyers had been in control up to now, but buying pressure is clearly weakening. After the rally, many holders are sitting on profits, so watch whether big money uses the rebound to reduce its positions.
Save this and compare it with what happens next.
