🐳 $AIN 4-hour golden cross. Looking at it from a position-holding perspective:
The bearish momentum histogram has printed 17 consecutive 4-hour candles, which shows that bears had been in control. Now, however, selling pressure is starting to ease. But the price is still below the zero line, with plenty of underwater positions above, so a rebound could run into selling from traders looking to break even near the previous high-volume trading area.
Which indicators do you usually follow?
#AIN
The bearish momentum histogram has printed 17 consecutive 4-hour candles, which shows that bears had been in control. Now, however, selling pressure is starting to ease. But the price is still below the zero line, with plenty of underwater positions above, so a rebound could run into selling from traders looking to break even near the previous high-volume trading area.
Which indicators do you usually follow?
#AIN
