🐳 $BERA daily chart golden cross. A couple of thoughts from a cost-basis perspective:
The bearish momentum bars lasted for 41 daily candlesticks, showing that bears had been in control for some time. Now, selling pressure is starting to fade. However, the crossover is below the zero line, and many positions above are still underwater, so a rebound could run into break-even selling pressure near the previous high-volume trading zone.
Share your thoughts in the comments 👇
The bearish momentum bars lasted for 41 daily candlesticks, showing that bears had been in control for some time. Now, selling pressure is starting to fade. However, the crossover is below the zero line, and many positions above are still underwater, so a rebound could run into break-even selling pressure near the previous high-volume trading zone.
Share your thoughts in the comments 👇