🐳 $PEPE 4-hour death cross. Speaking from a position holder’s perspective, a couple of thoughts:
The bullish momentum histogram has stayed positive for 17 consecutive 4-hour candles, which means buyers have been in control during this period. Now buying pressure is starting to fade. After the rise, quite a few holders are sitting on profits, so watch whether large players use the rebound to cash out.
How do you interpret this?
The bullish momentum histogram has stayed positive for 17 consecutive 4-hour candles, which means buyers have been in control during this period. Now buying pressure is starting to fade. After the rise, quite a few holders are sitting on profits, so watch whether large players use the rebound to cash out.
How do you interpret this?