🐳 $SOPH 4-hour death cross. A couple of thoughts from the perspective of someone holding a position:
The bullish momentum bars lasted for 20 four-hour candles, meaning buyers had been firmly in control—but buying pressure is now starting to weaken. After the rise, plenty of holders are sitting on profits, so watch whether the whales use the rebound to cash out.
Follow to avoid missing any unusual market moves.
#SOPH
The bullish momentum bars lasted for 20 four-hour candles, meaning buyers had been firmly in control—but buying pressure is now starting to weaken. After the rise, plenty of holders are sitting on profits, so watch whether the whales use the rebound to cash out.
Follow to avoid missing any unusual market moves.
#SOPH