$PEPE The daily chart shows a MACD death cross above the zero line.
When looking at a MACD crossover, its position matters more than the crossover itself. A death cross above the zero line suggests that upward momentum is slowing and a correction may be underway, but the bullish structure may not necessarily be broken. The key is whether the DIF drops below the zero line.
Once the signal appears, deciding where to set a stop-loss is more important than guessing the direction.
When looking at a MACD crossover, its position matters more than the crossover itself. A death cross above the zero line suggests that upward momentum is slowing and a correction may be underway, but the bullish structure may not necessarily be broken. The key is whether the DIF drops below the zero line.
Once the signal appears, deciding where to set a stop-loss is more important than guessing the direction.
