🐋 $PUMP 4 hours: MACD formed a death cross below the zero line, with opposite-direction histogram bars persisting for 9 bars before the crossover.
People post golden crosses and death crosses every day; what matters is where they occur and what the preceding trend looks like.
MACD was developed by Gerald Appel. Its commonly used settings are 12, 26, and 9, and it gauges trend strength by measuring the difference between the fast and slow EMAs.
A death cross above the zero line is often seen as a sign of weakening upward momentum, but it doesn't necessarily mean the trend is over; a death cross below the zero line is often seen as a sign that weakness is continuing.
When using leverage, first consider whether you can withstand the worst-case scenario, then think about what the signal is saying.
#PUMP
Stay calm and manage your position size.
People post golden crosses and death crosses every day; what matters is where they occur and what the preceding trend looks like.
MACD was developed by Gerald Appel. Its commonly used settings are 12, 26, and 9, and it gauges trend strength by measuring the difference between the fast and slow EMAs.
A death cross above the zero line is often seen as a sign of weakening upward momentum, but it doesn't necessarily mean the trend is over; a death cross below the zero line is often seen as a sign that weakness is continuing.
When using leverage, first consider whether you can withstand the worst-case scenario, then think about what the signal is saying.
#PUMP
Stay calm and manage your position size.