🐳 $PAXG Daily chart death cross. A couple of thoughts from a position-holder’s perspective:
The bullish momentum histogram has shown 9 consecutive daily bars, which means buyers have been in control during this period. Chasing the rally now clearly means you’re late. The crossover is below the zero line, and the rebound has weakened again before it could take shape, so be careful if you’re looking to buy the dip.
Feel free to add any details you’ve noticed.
The bullish momentum histogram has shown 9 consecutive daily bars, which means buyers have been in control during this period. Chasing the rally now clearly means you’re late. The crossover is below the zero line, and the rebound has weakened again before it could take shape, so be careful if you’re looking to buy the dip.
Feel free to add any details you’ve noticed.