Fan Token Tavern Ⓜ️

I did not take any positions in $MAXI and only cast this for educational purposes. 

When doing TA, I personally only like look at the price action/market structure (swing highs/lows) and two momentum indicators (MACD, RSI). One of the strategies that does me pretty well and I like to use often is the MACD divergence. 

You can see on the chart that the price action made higher highs but the MACD histogram made lower highs (purple lines). This is a potential sign that momentum is dying. The signal that it might be time exit the trade would be when the MACD histogram breaks below the previous low (blue line). As you can see in this scenario, you would have saved yourself some losses. Typically the higher the time frame, the stronger the signal. $MAXI is pretty new so this was on the 1 hour time frame. 

I don't apply this kind of TA to $MOXIE because that is more of a bet on the utility of $MOXIE and Farcaster itself.

https://warpcast.com/greatgambino.eth/0x2ce81493