After yesterday's pullback, price managed to rally over 20%, showing strong short-term momentum.
However, MACD now appears to be losing steam, signaling a potential slowdown or consolidation phase ahead.
If already in profit, it's wise to monitor closely... especially if the price nears resistance or fails to form a strong continuation pattern. Traders may consider tightening stops or locking in gains while momentum remains.
Disclaimer: This post is for discussion and study purposes only. Not a buy/sell recommendation. Always trade based on your own strategy and risk management.
However, MACD now appears to be losing steam, signaling a potential slowdown or consolidation phase ahead.
If already in profit, it's wise to monitor closely... especially if the price nears resistance or fails to form a strong continuation pattern. Traders may consider tightening stops or locking in gains while momentum remains.
Disclaimer: This post is for discussion and study purposes only. Not a buy/sell recommendation. Always trade based on your own strategy and risk management.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.