🐳 $LYN 4-hour death cross. A couple of thoughts from the perspective of someone holding a position:
The bullish momentum bars lasted for 15 four-hour candles, showing that the bulls had the upper hand throughout this period. Chasing the rally now would clearly mean you’re late. After a stretch of gains, many positions are sitting on unrealized profits, so keep an eye on whether large investors are using the rebound to reduce their positions.
How do you interpret this?
#LYN
The bullish momentum bars lasted for 15 four-hour candles, showing that the bulls had the upper hand throughout this period. Chasing the rally now would clearly mean you’re late. After a stretch of gains, many positions are sitting on unrealized profits, so keep an eye on whether large investors are using the rebound to reduce their positions.
How do you interpret this?
#LYN
