$PAXG 4-hour death cross. Let’s take a look from the perspective of chip distribution:
Bullish momentum bars have appeared for 6 consecutive 4-hour candles, indicating that the bulls had been in control. Now, however, there’s clear weakness in chasing the rally. After a sustained rise, many holders are sitting on profits, so watch whether large investors start taking profits in stages.
Share your thoughts in the comments—someone might come up with a fresh perspective.
No guarantee this is correct; make your own judgment.
Bullish momentum bars have appeared for 6 consecutive 4-hour candles, indicating that the bulls had been in control. Now, however, there’s clear weakness in chasing the rally. After a sustained rise, many holders are sitting on profits, so watch whether large investors start taking profits in stages.
Share your thoughts in the comments—someone might come up with a fresh perspective.
No guarantee this is correct; make your own judgment.
